Israel-Iran escalation sparks oil prices surge, markets brace for...

Dununu.com Dununu

Sponsored

Israel-Iran escalation sparks oil prices surge, markets brace for supply shock; Hormuz chokepoint back in spotlight

RSS Feed Business

Posted

55

Oil prices surged over 7% following escalating tensions between Israel and Iran, raising concerns about potential supply disruptions. Brent crude reached levels unseen since January, with the market closely monitoring the Strait of Hormuz, a crucial oil transit route. Analysts warn of a possible price spike to $130 a barrel if the conflict escalates further, impacting global energy markets.

Read Full Article

Please log in to like, share and comment!

Oman Air, in partnership with TUI launches 'Oman Air Holidays' offering travel packages in 20+ destinations

Oman Air, in collaboration with TUI, has launched 'Oman Air Holidays,' a digital platform...

By 0 9

ICE lifts age cap: Agency to hire 10,000 new applicants; local sheriffs alarmed

US Immigration and Customs Enforcement has eliminated its age limit for deportation agent...

By 0 9

Saudi Premium Residency update: Over 40,000 applications filed between Jan 2024–Jul 2025

Saudi Arabia's Premium Residency program sees great interest. Over 40,000 applications came in...

By 0 9

'Debanking': Donald Trump orders federal regulators to probe alleged bank bias; seeks to eliminate 'reputational risk' in regulations

By 0 9

US Presidential election: Steve Bannon dismisses reports of 2028 run; gives two-word reply

Reports suggest Steve Bannon is considering a 2028 presidential bid, a claim he denies, stating...

By 0 9