Oil Hits $103 as Trump Dismisses Costs of Eliminating Iran Threat

Oil prices reached $103 per barrel as Donald Trump dismissed the economic impact as a small price to pay for ending the Iranian nuclear threat.Shipping companies have anchored tankers near the Persian Gulf to avoid the Strait of Hormuz, where 20% of global oil passes, following Iranian strikes.The US claims to have destroyed the entire 44-ship Iranian Navy while sustaining seven military casualties during the ongoing Operation Epic Fury.Senator Lindsey Graham defended the $1 billion daily military expenditure while a school strike in southern Iran reportedly killed 175 people.
Published:18h |Updated:17h
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