Oil prices in the US have surged past $115 a barrel following reports of multiple strikes on Iran’s Kharg Island. The ongoing conflict in Iran has caused stocks to decline, with the S&P 500 futures indicating a drop of 0.7%. In Europe, the Stoxx 600 index fell by 0.3%. West Texas Intermediate crude oil increased by 2%, reaching $115 a barrel. Meanwhile, the US dollar has weakened and Treasury yields have risen. Copyright ©2026 Ada Derana. All rights reserved. Solution by Technology Partner Fortunacreatives.
Politics
US oil prices top $115 a barrel after reports Iran s Kharg Island targeted with multiple strikes
