Reported about 14 hours ago
Oil prices increased as traders reacted to President Trump’s remarks regarding the ongoing conflict between Israel and Iran, raising concerns over potential disruptions in crude supply. Despite fluctuations in oil prices, the market remains sensitive to signs of further instability in the Middle East, particularly in the Strait of Hormuz, crucial for global oil transit. While the immediate situation has not significantly affected Iran's export infrastructure, fears of escalating hostilities persist, contributing to heightened market volatility.
Source: YAHOO