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Brent crude oil is back near US$74.50

  • Oil rallied on the Middle East conflict escalation
Eamonn Sheridan
02/10/2024 | 01:52 GMT

For a rundown of geopolitical developments on Tuesday:

  • Forexlive European FX news wrap: The US Dollar adds to yesterday's gains
  • Forexlive Americas FX news wrap: Iran hits Israel with missile attack

The significant escalation sent oil prices higher. Brent has traded up near $74.50 during Asia time.

Its going on towards 5 am in Israel and Lebanon, and just after in Iran. We should be getting fresh news flow out of the region soon.

brent iran missiles 02 October 2024 2

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