Drone hits storage tanker at Egyptian port on Mediterranean, security firm Ambrey says
XLE•Oil prices surge as fighting resumes
Oil prices shot up Wednesday in one of the sharpest spikes of the five-month war. Brent crude futures rose more than 8% to push the benchmark well above $90 a barrel, reversing much of a plunge earlier this week when Trump had unexpectedly halted U.S. strikes over the weekend.
The abrupt resumption of attacks only days after they were suspended saw a return to the volatile on-again-off-again pattern of earlier phases in the war. Trump had said "Operation Epic Fury" would last only a few weeks when he launched it in February but fighting has now gone on for five months with no end in sight.
The strikes on Iraq expose a dangerous rift in that volatile country. The Shi'ite-led government is one of the few in the world to balance close military and diplomatic ties with both Tehran and Washington, but those divided loyalties are a constant source of tension and frequent domestic unrest.
The office of Prime Minister Ali al-Zaidi, who took power just two months ago, urged the parties involved to avoid escalation and said he wanted to keep the country out of regional conflicts.




