Reported 3 days ago
Oil prices are on track for their largest weekly increase in two years, driven by fears of escalating conflict between Israel and Iran following missile attacks. Brent crude surged nearly 9% this week as concerns mount over potential disruptions to Middle East oil supplies. As tensions rise, investors are reacting with heightened volatility in the oil markets, further escalating shipping costs and prompting speculation about future supply constraints.
Source: YAHOO