Reported 4 days ago
Oil prices jumped over 5% on Thursday due to concerns about potential supply disruptions following increased tensions between Israel and Iran, particularly after President Biden hinted at a possible Israeli attack on Iran's oil facilities. West Texas Intermediate futures rose to $73.71 per barrel, while the Brent benchmark closed at $77.76, fueled by fears of further military escalation and potential blockages in key shipping routes like the Strait of Hormuz.
Source: YAHOO