Oil prices have skyrocketed beyond $125 per barrel in overnight trading, marking the highest level since Russia’s invasion of Ukraine.
Brent Crude Hits Record Peak
During Asian trading sessions, Brent crude—the global benchmark—jumped nearly 7%, reaching over $126 per barrel. This sharp increase reflects heightened geopolitical tensions in the Middle East.
US Military Plans for Iran Action
Indications point to the US military preparing to brief President Donald Trump on fresh strategies for potential strikes against Iran. CENTCOM Commander Admiral Brad Cooper is set to outline options for new military operations aimed at resolving stalled negotiations or delivering a decisive end to ongoing conflicts.
Plans include a “short and powerful” series of attacks targeting key infrastructure. Trump will also receive details on efforts to secure portions of the Strait of Hormuz, potentially involving ground troops to restore commercial shipping access.
