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Oil Up 11% as US-Iran Conflict Widens to Syria, Bahrain
Brent crude nears $85 after Iran targets US forces in Syria, Bahrain. Weekly gain largest since April as ceasefire unravels. US strikes continue.
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Oil prices extended gains Friday, with Brent crude trading near $85 a barrel. The U.S. and Iran exchanged strikes for a sixth consecutive night, and Iran widened its attacks to Syria and Bahrain.
Iran's Revolutionary Guards said they attacked a U.S. command center in Syria's al-Tanf region, according to state media. The country also claimed it targeted U.S. aircraft at the Sakhir airbase in Bahrain. Air raid sirens were activated in Bahrain, and its Defence Force said it intercepted multiple aerial attacks. Kuwait's Defense Ministry said it was responding to Iranian missile and drone attacks. Jordan and Qatar also reported intercepting Iranian missiles.
U.S. Central Command said it had completed its latest major wave of strikes, hitting dozens of military targets including air defenses and logistics infrastructure. Centcom said more than 50,000 service members were operating across the Middle East and "remain vigilant, lethal, and ready."