Reported about 8 hours ago
Oil prices have risen significantly as traders speculate on Israel's response to Iran's recent missile attack, causing Brent crude to approach $80 a barrel. The geopolitical tensions and concerns over military action in the Middle East have heightened market volatility, with traders also eyeing supply and demand outlooks. While some analysts predict Brent could skyrocket into the $90s if Iranian oil supplies are disrupted, others caution against military strikes on Tehran's energy infrastructure. Overall, the market remains focused on developments in the region and upcoming economic policy announcements from China.
Source: YAHOO