Conflict & Security
Oil prices rise 3% after US says Iran launched missiles
Oil prices jumped more than 3% in early Asian trade on Wednesday after the US military said it had intercepted multiple missiles launched by Iran.
At around 0015 GMT, US benchmark West Texas Intermediate was up 3.67% at $82.17 a barrel. North Sea Brent crude had gained 3.39% to $86.94.
The move reversed the market direction reported earlier in the week. On Monday, crude oil prices had fallen more than 6% and Wall Street stocks mostly rose after US and Iranian officials indicated a pause in military strikes.
US ambassador to the United Nations Mike Waltz told Fox News that President Donald Trump would give negotiations “a little bit of room”. Iranian army spokesperson Mohammad Akraminia said Iran had halted military strikes.
Update
At around 0015 GMT, West Texas Intermediate was up 3.67% at $82.17 a barrel.
At around 0015 GMT, Brent crude was up 3.39% at $86.94 a barrel.
The price move followed a US military statement that it had intercepted multiple missiles launched by Iran.
Source note: AFP news report published on 29 July 2026 at 00:26:22 UTC.
Update
Oil prices were up more than 3% after Iran attacks.
Source note: AFP news report published on 29 July 2026 at 00:17:35 UTC.
Uncertainty notes
The item does not provide further details on the missiles, interception locations or any damage.
Source
AFP news report published on .