Reported about 8 hours ago
Oil prices increased significantly as markets brace for a potential Israeli response to Iran's missile strikes. West Texas Intermediate rose over 3% to $77.14 per barrel, while Brent crude climbed more than 3.5% to $80.93. Analysts warn that any interruption to Iranian oil supply could drive prices even higher, especially if the shipping routes through the Strait of Hormuz are impacted. Additionally, Hurricane Milton poses risks to Gulf Coast oil production, further contributing to market volatility.
Source: YAHOO