Oil Prices Surge Towards $120 Amid Geopolitical Tensions
Global oil prices have surged, with Brent crude nearing $120 per barrel, reaching levels not seen since 2022 or the start of the war. The spike is attributed to ongoing concerns over the US-Iran situation and broader geopolitical instability.
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Oil Charges Toward $120 With No End in Sight to US-Iran War - Bloomberg.com
Oil Charges Toward $120 With No End in Sight to US-Iran War Bloomberg.com
Read full article →Oil spikes while stocks slip ahead of US Fed rate decision
Oil prices shot higher Wednesday on concerns of an extended blockade of the Strait of Hormuz, while Wall Street stocks mostly slid as investors awaited a US Fed rate decision and a slew of tech firm earnings. Both main oil contracts jumped nearly six per cent after President Donald Trump warned Tehran on Wednesday that it should “get smart soon” and capitulate to Washington’s demands for tight controls on its nuclear programme, as a US naval blockade turned the screws on Iran’s economy. Meanw...
By none@none.com (AFP)
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