Oil prices rose in early trading in Asia. West Texas Intermediate crude oil futures rose 3.2% to $73.70 a barrel in recent months; Brent crude oil futures rose 3.1% to $78.38 a barrel in recent months. The US carried out multiple waves of attacks on Iranian military targets on Sunday. Meanwhile, the Iranian military opened fire on merchant ships passing through the Strait of Hormuz. The Strait of Hormuz is a key waterway, and one-fifth of the world's oil must be transported through here. Analysts at ANZ Research said in a research note that the attacks “raised concerns that the fragile peace agreement could break down”. Analysts at ANZ Research stated: “Under the agreement, the number of tankers crossing the Strait of Hormuz has increased. ”

Oil prices rose in early trading in Asia. West Texas Intermediate crude oil futures rose 3.2% to $73.70 a barrel in recent months; Brent crude oil futures rose 3.1% to $78.38 a barrel in recent months. The US carried out multiple waves of attacks on Iranian military targets on Sunday. Meanwhile, the Iranian military opened fire on merchant ships passing through the Strait of Hormuz. The Strait of Hormuz is a key waterway, and one-fifth of the world's oil must be transported through here. Analysts at ANZ Research said in a research note that the attacks “raised concerns that the fragile peace agreement could break down”. Analysts at ANZ Research stated: “Under the agreement, the number of tankers crossing the Strait of Hormuz has increased. ”