Oil Prices Surge 4% After Iran Missile Strikes on Israel; Asian Markets Tumble Up To 8% | News18
#breakingnews | Crude oil prices surged 4 per cent after Iran launched multiple rounds of missiles toward Israel as a retaliation for the latter’s actions in Lebanon, putting the ceasefire in tatters. WTI and Brent crude climbed above $93 and $96 per barrel, respectively, following the escalation of tensions in West Asia.
Meanwhile, the dollar index remained around 100 after climbing more than 1 per cent last week, supported by the robust US labour market.
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