Reported about 12 hours ago
Oil prices rose sharply as the conflict between Israel and Iran escalated, with Brent crude increasing by up to 5.5% following attacks on each other’s territories. Investors are concerned about potential disruptions in oil supply from the Persian Gulf region, leading to a surge in traditional safe havens like gold and the dollar. Market analysts warn of prolonged uncertainty, advising investors to hedge against possible oil supply chain disruptions.
Source: YAHOO