Reported about 7 hours ago
American airstrikes targeting Iran's nuclear sites have ignited fears of oil supply disruptions, leading traders to brace for a possible surge in oil prices as trading resumes. Brent futures have already seen an 11% increase amid rising tensions in the Middle East. Analysts suggest that Iran's response will be critical in determining the future trajectory of prices, especially concerning potential threats to the vital Strait of Hormuz, a crucial artery for global oil transport.
Source: YAHOO