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Oil prices fell on Tuesday.
The West Texas Intermediate for January delivery dropped 89 cents, or 1.51 percent, to settle at 57.95 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for January delivery lost 89 cents, or 1.4 percent, to settle at 62.48 dollars a barrel on the London ICE Futures Exchange.
Crude futures settle lower
Iran's Islamic Revolutionary Guard Corps (IRGC) announced Wednesday it had launched the 89th wave of Operation True Promise 4, carrying out strikes against U.S. and Israeli targets in the region.
The IRGC said in a statement that Iran and various resistance fronts, through coordinated operations, used heavy missiles, attack drones, and rockets to strike U.S. military bases and Israeli targets.
The statement said the operation targeted Israeli military facilities and assembly points in Eilat, Tel Aviv, Bnei Brak, and other locations, and claimed that, according to local sources, it had caused significant Israeli casualties.
The IRGC also stated that it had hit a location in Bahrain housing 80 U.S. troops, and Iranian ballistic missiles struck a U.S. helicopter formation at a base in Kuwait, destroying one helicopter and damaging others.
Iran launches new round of attacks on US, Israeli targets
