Oil prices rise to $97 a barrel after Israel strikes Iran
Oil rises and stock markets under pressure as Middle East conflict steps up.
Oil prices have risen and stock markets are under pressure as hostilities resumed between Israel and Iran after a fresh round of airstrikes. Investors reacting to the conflict was helping fuel a downturn in the world’s financial markets. The price of Brent crude oil shot up by around 5% on Monday morning to more than 97 US dollars a barrel. Nevertheless, prices remain below the 100 dollars a barrel mark and short of the 120 dollar peak reached in April. Oil prices have eased slightly over recent weeks amid hopes of peace talks developing following a ceasefire agreement in the US-Israeli war with Iran in April. But hopes were dashed that the conflict could be resolved after Iran launched missiles at Israel in the first strike since the fragile ceasefire, with Israel retaliating with airstrikes against Iran early on Monday.
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Full article: https://www.independent.co.uk/news/uk/home-news/middle-east-iran-brent-israel-asian-b2991620.html
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5 Comments
Oil is so abundant no matter how many wars they have, so many blockades, they STILL can’t get it over $100 a barrel. In today’s petrodollar, which they are printing as fast as they can hit the buttons, OIL on sale.
If missiles are flying ppl are lying
Democrats never blame themselves; that's why the party is done for.
We need to just get this finished! It’s been nearly 50 years!
trump is bringing gas prices down to $8.00 bucks per gallon as he promised.
What a great President 🥹 the art of the deal folks! 👌🤡