Oil prices edged lower Thursday, paring earlier gains after Mideast tensions flared up, with the U.S. attacking Iran and Tehran targeting Washington allies in the Gulf.
U.S. crude oil futures for July fell 0.5% to $89.57 per barrel. Futures for international benchmark Brent for August delivery fell 0.67% to $92.48 per barrel.
Kuwait shut its airspace and intercepted projectiles on Thursday, while Israel warned of launches from Lebanon toward communities in the country’s north.
Iran’s state-run Tasnim news agency said Tehran had struck several U.S. military facilities in Kuwait and Bahrain, including Ali Salem and Ahmad al-Jaber air bases in Kuwait and Sheikh Issa air base in Bahrain. Bahraini authorities said their air defense systems had intercepted and destroyed Iranian aerial threats.
Link: https://www.cnbc.com/2026/06/11/brent-wti-oil-prices-us-launches-fresh-strikes-on-iran-.html