Oil drops 6% as Iran targets US military base in retaliation

2025-06-23 20:28
Shafaq News/ Oil prices tumbled $5 a barrel, or over 6%, on Monday after Iran attacked a U.S. military base in Qatar in retaliation for U.S. attacks on its nuclear facilities at the weekend, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.
Brent crude futures were down $4.90, or 6.3%, at $72.19 a barrel by 2:13 p.m. ET (1813 GMT). U.S. West Texas Intermediate crude (WTI) eased $4.60, or 6.2%, to $69.23.
Only the headline is edited by Shafaq News Agency