According to CoinMeta, oil prices soared above $90 due to Iran's announcement of retaliatory military actions against U.S. bases. This is the first time since July that oil prices have exceeded $90. As the U.S.-Iran conflict escalated, the Iranian Revolutionary Guard stated that U.S. airstrikes targeted the southern coast of Iran, resulting in two super tankers being hit while exporting through the Strait of Hormuz. Trump warned that Iran could be "completely annihilated." The price of crude oil was $90.57 (up 4.95%), and the price of Brent crude oil was $95.14 (up 4.92%). Since the beginning of this year, crude oil prices have risen by more than 55%. WTI