Brent crude oil prices climbed above $90 per barrel on 31 August after the U.S. military targeted Iranian rocket launchers preparing to deploy mines into the Strait of Hormuz, according to the research information available for the event.
The strike was the first such U.S. action in more than a month. The research does not provide a more precise time for the attack or specify the exact level reached by Brent after the price moved above $90.
The development came amid the absence of a peace agreement between Washington and Tehran. Despite that absence, approximately 6 million to 8 million barrels of crude continue to flow through the Strait of Hormuz each day, the research states.
The waterway is therefore directly linked in the supplied information to the movement of a substantial volume of crude oil. The report does not provide details on whether shipping was disrupted, whether any mines were deployed, or how long the price increase is expected to last.
It also does not include details of casualties, damage from the strike, or an official response from the governments involved. The available facts establish the price movement, the U.S. targeting of the Iranian rocket launchers and the continued crude flows through the strait, but do not provide further information about the military operation or its wider effects.