Reported 5 days ago
Oil prices rose sharply after Iran launched about 200 ballistic missiles at Israel, prompting Prime Minister Netanyahu to vow retaliation. This escalation has raised concerns over potential interruptions in crude oil supplies, particularly from the Middle East, which is crucial for global energy. As markets react to the heightened geopolitical risks, Brent crude climbed towards $75 a barrel, while options traders began factoring in increased volatility in oil prices.
Source: YAHOO