Oil prices rose on Thursday after the United States launched a “large-scale” airstrike against Iran late Wednesday in retaliation for Iran’s earlier missile attacks on U.S. forces in the region. Iran’s Islamic Revolutionary Guard Corps threatened to respond with further escalation. Brent crude futures, the international benchmark, rose 1.5% to $92.10 per barrel, while U.S. West Texas Intermediate (WTI) crude futures rose 0.9% to $85.23 per barrel. U.S. Central Command stated that the operation was a “strong response” to Iran’s attempt on Tuesday to attack U.S. forces in the Middle East, targeting dozens of sites belonging to the Islamic Revolutionary Guard Corps within Iran, including military command centers, missile facilities, and drone facilities.