US crude oil futures climb to $74.55/bbl
US crude oil futures rose more than a dollar to $74.55/bbl after the US military launched fresh strikes on Iran.
The attacks were launched hours after President Trump announced the end of an eight-week ceasefire.
The scope of the attacks was broader than previous ones, sparking concerns about the impact on global oil supplies.
The price increase reflects the potential disruption to oil production and exports from the region.