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Home » Oil surges over 25%, on track for record daily jump due to escalating Iran war

Oil surges over 25%, on track for record daily jump due to escalating Iran war

The Cyprus Mail by The Cyprus Mail
3 weeks ago
0 0

Oil prices surged more than 25% on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran. Energy markets are particularly nervous because the crisis is unfolding around the Strait of Hormuz, through which roughly […]

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Tags: AsiaBangladeshChuck SchumerDonald TrumpForceIranIran crisisIraqIsraelJapanKuwaitMiddle EastOil PricesQatarSaudi ArabiaSingaporeSouth KoreaVietnam
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