According to CoinMeta, oil prices rose on Thursday due to the United States launching a "strong" airstrike against Iran in retaliation for its missile attacks on U.S. forces in the Middle East. Brent crude oil futures increased by 1.5% to $92.10 per barrel, while West Texas Intermediate (WTI) crude oil futures rose by 0.9% to $85.23 per barrel. This airstrike marks the latest development since the conflict erupted at the end of February that has affected the oil market and disrupted shipping through the Strait of Hormuz. The U.S. Central Command described this action as a "powerful response" to the Iranian attacks. Traders are watching the upcoming OPEC+ meeting on Sunday, where it is expected that the oil-producing group will announce an increase of 188,000 barrels per day in production for September.