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macroJul 21, 2026, 1:50 PM

US oil jumps to $85 after Iran claims strikes

US oil prices surged to $85 per barrel after Iran announced it struck an Amazon datacenter in Bahrain and water desalination plants in Kuwait in retaliation for US strikes.

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Oil prices spiked to $85/barrel following Iran's claim that it attacked an Amazon datacenter in Bahrain and desalination plants in Kuwait. The reported strikes are described as retaliation for US military action.

The move marks a significant escalation in regional tensions, hitting critical infrastructure and sending crude benchmarks sharply higher.

As of press time, no independent confirmation of the strikes has been reported.

Source: The Kobeissi Letter