Oil prices soar after explosions in Iran

Oil prices rose nearly 4%

eebc647f AP24011763203576 ATTACK, Iran, OIL

Oil prices rose nearly 4 percent and U.S. stock futures fell sharply on Thursday night amid reports of explosions in Iran.

In recent trading, US oil prices rose 3,7% to $85,80 a barrel. Brent crude, the global benchmark, rose 3,4% to $90,13 a barrel.

Energy prices moved sharply higher as Iranian news agencies reported explosions near Iran's Isfahan airport.

"The market has been on a roll since Iran launched a missile and drone attack on the Jewish state over the weekend," analysts at ANZ said on Friday.

"Israel's response could determine whether oil supplies are ultimately threatened."

Source: cnn.gr