Reported about 12 hours ago
Oil prices surged in early Asian trading as renewed attacks between Israel and Iran heightened fears of a wider regional conflict that could disrupt oil exports from the Middle East. Brent crude futures rose 2.3% to $75.93 a barrel, while U.S. West Texas Intermediate climbed 2.2% to $74.60, following a significant increase over the past week. The ongoing military exchanges have raised concerns over the sensitive Strait of Hormuz, a critical passage for global oil shipments.
Source: YAHOO