U.S. Iran War Death Toll Reaches 17 as Brent Crude Breaks Above $90
Updated
Updated · CNBC · Jul 20
U.S. Iran War Death Toll Reaches 17 as Brent Crude Breaks Above $90
3 articles · Updated · CNBC · Jul 20
Summary
Three U.S. service members were killed in recent fighting, lifting the American death toll in the Iran war to 17 as Washington completed a ninth straight night of attacks on Iran.
The latest casualties came as the U.S. battles for control of the Strait of Hormuz, fueling concern the conflict is entering a new phase despite a memorandum of understanding signed a month ago to end it.
Brent crude climbed above $90 a barrel after rising about 16% last week, though it later pared gains when Iran's Foreign Ministry signaled Tehran could still pursue negotiations with Washington.
U.S. consumers and markets are already feeling the strain: the national average gasoline price moved back above $4 a gallon, and all three major U.S. stock indexes finished last week lower.