Iran announced a retaliatory military operation against American military bases, with oil prices exceeding $90

OIL PRICES HAVE SOARED TO OVER $90 AS A RESULT OF IRAN'S ANNOUNCEMENT OF RETALIATORY MILITARY OPERATIONS AGAINST UNITED STATES BASES. THIS WAS THE FIRST OIL PRICE BREAKTHROUGH OF $90 SINCE JULY AND, AS THE US-IRAQ CONFLICT ESCALATED, THE IRANIAN REVOLUTIONARY GUARD CORPS INDICATED THAT THE UNITED STATES HAD BOMBED IRAN ' S SOUTHERN COAST, RESULTING IN TWO SUPER TANKERS BEING HIT WHILE EXPORTING FROM THE STRAIT OF HORMUZ. TRUMP WARNED THAT IRAN MIGHT BE “UNFINISHED”. THE PRICE OF WTI CRUDE OIL WAS $90.57 (AN INCREASE OF 4.95 PER CENT) AND THAT OF BRENT WAS $95.14 (AN INCREASE OF 4.92 PER CENT), WHICH HAD RISEN BY OVER 55 PER CENT SINCE THE CURRENT YEAR。