Oil prices rise above $85 as US strikes Iran for second night

Oil prices have surged past $85 per barrel amid escalating tensions between the US and Iran, following a second consecutive night of US strikes targeting Iran's missile and drone facilities, naval assets, and coastal defense systems. This aggressive action by the US Central Command is likely to heighten global anxieties about potential disruptions in oil supply, driving the price increase. The situation underscores the fragile balance of power in the Middle East and the significant impact geopolitical conflicts can have on global markets.