Oil jumps $1 in early trade after Iran launches missiles at Jordan

Oil prices surged dramatically following Iran's aggressive missile strikes on U.S. military targets, claimed by the Revolutionary Guards. Jordan's air defenses successfully intercepted the majority of missiles, ensuring there were no casualties reported. In response, U.S. Secretary of State Marco Rubio warned Iran of potential losses to their tankers. Additionally, U.S. Central Command reported the destruction of five Iranian crude oil carriers recently.