Dossier
benchmark Brent crude
Coverage of benchmark Brent crude in the Nexus archive.
- Expansion of US strikes on Iran leads to more retaliation across the Gulf
The United States conducted airstrikes on Iran following the death of a service member, prompting Iranian retaliation against U.S. allies Kuwait and Bahrain. The collapse of an interim peace deal has intensified regional conflict, disrupted shipping through the Strait of Hormuz, and driven up oil prices.