Reported about 6 hours ago
Oil prices are expected to increase by $3-5 per barrel following U.S. airstrikes on Iran, which heightens supply risk premiums. Analysts warn that further escalation by Iran could lead to significant disruptions in oil supply, although stable production conditions among OPEC members have limited previous price surges. The situation remains precarious, with potential consequences for global oil markets depending on Iran's responses and regional stability.
Source: YAHOO