Oil jumps to highest price since 2022 after report Trump to be briefed on new Iran options

oil jumped to its highest price since 2022 on thursday, with brent crude rising almost 7% to more than $126 a barrel. the spike came after axios reported the us military will brief president trump on new plans for potential strikes on iran. us central command has prepared a plan for a wave of "short and powerful" strikes on iran, likely targeting infrastructure, according to anonymous sources cited by axios. another plan focuses on taking over part of the strait of hormuz so it can be reopened for commercial shipping, potentially involving troops on the ground. the bbc has contacted us central command and the white house for comment. west texas intermediate crude also rose, up 2.3% at around $109 a barrel. the more active july brent contract was up about 2% at around $113. the strait of hormuz remains effectively closed, disrupting about a fifth of the world's energy shipments. energy executives met trump on tuesday to discuss limiting the war's impact on us consumers.