Reported 6 days ago
Oil prices experienced their largest jump in nearly a year, with West Texas Intermediate rising over 5% to below $72 per barrel and Brent climbing above $75 following Iran's missile attack on Israel. This escalation in Middle East tensions has raised concerns about potential inflationary impacts due to increased energy prices, risk of further conflict involving the U.S., and disruptions in global oil supply. Analysts suggest that any sustained rise in oil prices could influence central bank policies aimed at controlling inflation.
Source: YAHOO