country
EN
Oil rises as US-Iran tension escalates after Iraq strikes, missile attack
[]
The Express Tribune
"Renewed strength comes after the US said it intercepted a surprise attack on US troops," ING analysts said in a note.
"Saudi Arabia intercepted drones from Iranian-backed groups in Iraq, which were targeting Saudi energy infrastructure," they said, adding that US and Saudi forces launched strikes on weapon sites across eastern Iraq.
The US military said it intercepted ballistic missiles launched by Iran towards US forces in the Middle East in what Washington called "an attempted surprise attack" by Tehran.
Iran's elite Revolutionary Guards later said they fired several ballistic missiles at a US air base and military Central Command centre in Jordan.
Read: Oil prices fall 5% to two-week lowSaudi Arabia also said its armed forces, in coordination with US Central Command, carried out "targeted strikes" against Iran-backed groups in Iraq it blamed for drone attacks on the kingdom's oil facilities.