Reported 3 days ago
Tensions between Israel and Iran are rising following a missile attack, creating concern in the oil market. Israeli strikes on Iran's Kharg Island, a critical oil export hub, could severely disrupt crude exports, causing prices to jump significantly. Analysts suggest that if attacks occur, oil prices could rise by $10 to $15 per barrel, with potential long-term implications for global oil supply, particularly if the Strait of Hormuz is affected.
Source: YAHOO