Oil Prices Climb After Iranian Drone Attack on Kuwait Airport and US‑Iran Strikes in Persian Gulf

Oil markets edged higher following renewed fighting in the Persian Gulf. Iranian drones targeted Kuwait’s main international airport overnight. The attack prompted a series of retaliatory strikes between the United States and Iran. Both sides reported hitting military facilities in the region. The escalation raised concerns about shipping safety in the Gulf’s oil lanes. Traders responded by lifting crude prices on expectations of supply disruptions. Analysts warned that further conflict could tighten global oil supplies. Markets will watch for diplomatic moves that might calm the situation.