Oil prices rise slightly after US announces new round of strikes on Iran

FILE PHOTO: General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia, May 21, 2018. REUTERS/Ahmed Jadallah/File Photo Smoke billows near the oil facility in Mangaf, Kuwait, July 18, 2026, in this screen grab obtained from a social media video. Social Media/via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT. NO RESALES. NO ARCHIVES. NEWS USE ONLY. Verification lines: - Tower, mosque, and buildings matched satellite and archive imagery. - Date verified by statement from Kuwait Petroleum Corporation that one of its oil facilities had been hit in "repeated Iranian attacks," causing significant damage and some injuries, according to the state news agency. - The area where the smoke is shown in the video is marked as a Kuwait Petroleum Company facility on Google maps. 22 Jul 2026 08:28AM Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a new cards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FAST July 22 : Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones.