Oil prices rise further after fresh US strikes on Iran

Crude oil prices rose further on Thursday after the US launched fresh strikes against Iran. Brent crude futures gained 78 cents, or 1%, to $78.8/barrel, while US West Texas Intermediate crude futures rose 74 cents, or 1.01%, to $74.26/barrel. The US military said it launched fresh strikes on Iran aimed at keeping the Strait of Hormuz open to traffic.