U.S. Military Strikes Iran; Oil Prices Rise Nearly 2% to $89.72

On Wednesday, the U.S. military conducted strikes on multiple targets in Iran at 5:15 p.m. ET, as reported by U.S. Central Command (CENTCOM). This action responds to Iran's aggressive behavior, including missile and drone attacks targeting U.S. ships in the Strait of Hormuz. Following these events, U.S. crude oil prices increased nearly 2% to $89.72 per barrel, while Brent crude rose 1.3% to $92.74. The Dow Jones Industrial Average fell over 600 points since President Trump's remarks regarding potential further military action and escalating tensions.