Oil prices surge, cross $80 after US-Iran conflict engulfs Middle East, Strait of Hormuz

Oil prices experienced a sharp increase as markets opened for the first time following a significant escalation of conflict between the United States and Iran, a development that is now threatening critical energy infrastructure throughout the Middle East. The international benchmark, Brent crude, jumped by 13% to trade above $82 per barrel, a level not […]

Oil Rises to Highest Since August on Iran Conflict Concerns

Oil prices climbed to their highest level since August as growing concerns about a potential new conflict between the US and Iran put markets on edge. The price of West Texas Intermediate crude rose to more than $66 a barrel, while the global benchmark Brent settled just below $72. The tension stems from a significant […]