Bloomberg reported a rise in oil prices after the exchange of strikes between the United States and Iran

Global oil prices rose by more than 1% after a new exchange of blows between Iran and the United States, which raised the risks of further conflict in the Middle East. According to Bloomberg on May 8, the price of Brent crude oil has already risen above $100 per barrel, according to trading data.

As of 8:12 a.m. Moscow time, the price of July futures for Brent crude oil rose by 1.34% compared to the previous close, to $101.4 per barrel. June WTI futures rose by 1.09% to $95.84.

Investors are closely following the events in the Middle East. Charu Chanana, chief investment strategist at Saxo Markets in Singapore, informed the agency about the main risks amid the new tension.

"Oil is trading between two risks, on the one hand — diplomacy, on the other — another escalation. The markets still give peace talks a chance, but this is not enough to reduce the premium for military risk," Bloomberg quotes the expert.

The war in Iran brought Russia additional oil revenues. What you need to know

State broadcaster IRIB reported on May 7 that the Iranian Armed Forces fired missiles at a US ship in the Strait of Hormuz. It is noted that this happened in response to the American attack on an Iranian oil tanker. Fox News reporter Jennifer Griffin pointed out that the US Armed Forces attacked the Iranian port of Qeshm, the largest in the Strait of Hormuz, and the city of Bandar Abbas. She added that this action is not a resumption of the war.

The Wall Street Journal newspaper noted on April 9 that the White House had asked its staff not to use their official position to bet on political events against the background of the situation around Iran. The warning was sent to staff in an email from the White House office on March 24. According to the source of the publication, over $760 million worth of oil futures were traded 15 minutes before the announcement by US President Donald Trump of a two-week truce.