Oil Prices Soar After US Attacks on Iran

Oil prices surged 2.9% to $72.45 after the US launched attacks on Iran. Brent crude also rose 5.5% to $75.94. The US Central Command said the attacks were in response to Iran's attacks on commercial ships. The situation in the Strait of Hormuz has become increasingly uncertain, with concerns about supply disruptions in the Middle East.

The US attacks on Iran are a significant development that will impact the oil markets. The increase in oil prices will have a ripple effect on the energy markets.

The crisis in the Strait of Hormuz could deal a blow to the energy corridor. A new front could open up in the chip wars.

In conclusion, the surge in oil prices is a significant development that will impact the energy markets. The crisis in the Strait of Hormuz could have far-reaching consequences.