A view of oil-well in action during sunset at Elk Hills Oil Field as gas prices on the rise in California, United States on April 14, 2024.
Oil prices jumped more than 3% after unconfirmed reports of explosions near the Iranian city of Isfahan.
Iran's Fars news agency reported that explosions were heard near the Isfahan airport, but emphasized that the reasons were unknown.
Global benchmark Brent traded 3.63% higher at $90.27 a barrel, while the U.S. West Texas Intermediate rose 3.66% to $85.76 per barrel.
Spot gold prices surged to a fresh all-time high of 2,411.09 per ounce, while the yen strengthened 0.45% to 153.93 against the U.S. dollar.
Organizations:
Brent, U.S . West Texas, U.S .
Locations:
Elk, California, United States, Iranian, Isfahan, Iran's Fars, U.S