AI Summary

The recent U.S. strikes on Iranian missile sites have led to a significant increase in oil prices. Oil prices surged in early Asian trade following the strikes, with Brent futures rising to $98.39 per barrel, a 2.34% increase from the previous session. This uptick in prices comes after a dramatic drop on Monday, when prices plummeted 7% on promises of a peace deal. The increase in oil prices is likely a result of renewed fears of military action in the region, which had previously led to a decline in prices. The U.S. Central Command's confirmation of the strikes has contributed to this shift in market sentiment.

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