International oil prices rise more than 3% as the United States and Iran clash again

[Financial News] As tensions between the United States and Iran over control of the Strait of Hormuz escalated into armed conflict, international oil prices surged across the board.
At 6:03 p.m. Eastern Time on the 12th, or 7:03 a.m. on the 13th in Korea, WTI crude futures on the New York Mercantile Exchange (NYMEX) were up 3.4% from the previous session at $73.87 per barrel. Brent crude oil futures, the global benchmark, also rose 3.5% to $78.67 per barrel, reflecting market anxiety.
The sharp rise in oil prices was driven by the military clashes that intensified over the weekend. According to United States Central Command (CENTCOM), the U.S. military struck 140 targets in a single day on the 11th in retaliation for an attack by the Islamic Revolutionary Guard Corps (IRGC) on a container ship passing through the Strait of Hormuz. It also carried out additional airstrikes on the 12th.
Iran immediately retaliated as well. Tasnim News Agency reported that the Iranian military carried out retaliatory strikes on the 12th, targeting U.S. military facilities in Jordan, Kuwait, Bahrain, and Oman.
jjyoon@fnnews.com Yoon Jae-joon Reporter