Oil and gas prices rise
Photo: Razieh Poudat/AP/TT

Oil and gas prices rise after new US strikes on Iran targets

Oil prices are rising after reports of new US strikes on targets in Iran late Sunday night, the first in a month. In early morning trading, North Sea crude futures rose 2.4 percent to $90.24 a barrel.

The price of fossil gas on the Amsterdam Commodity Exchange is also rising - which could result in higher Swedish electricity prices. It is up 2.9 percent to 68.90 euros per megawatt hour - the highest level since the beginning of 2023.

Although the tone between the parties has been threatening recently, no American attacks on Iran have been carried out since late July. However, late Sunday night, the United States attacked two Iranian mine-laying sites on Larak Island in the Strait of Hormuz.

The Iranian Revolutionary Guard subsequently said that it had attacked American targets in Jordan.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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