Oil prices soar after Israel attacks Iran | BBC News

    Global oil prices have jumped after Israel said it had struck Iran, in a dramatic escalation of tensions in the Middle East.

    The price of the benchmark Brent crude was up by more than 10% shortly after the news emerged, reaching its highest level since January.

    Traders are concerned that a conflict between Iran and Israel could disrupt supplies coming from the energy-rich region.

    The cost of crude oil affects everything from how much it costs to fill up your car to the price of food at the supermarket.

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    25 Comments

    1. Absolute BS. Oil production and transport has not been affected and it is another opportunity for oil companies to ravage the consumer for nothing.

    2. Sounds like oil will skyrocket because of this war… πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚

    3. If US wants export its oil, No news on nord stream pipe break…. No news on strait of Hormuz block… so now US can sell oil at non competitive price…

    4. This is why we should scrap net zero and dig for our own oil and gas so we dont have to worry about what other countries are doing to see how it effects us 🀷

    5. β€œRemoving Benjamin Nethanyahu will create a positive reverberation throughout the region. It will send a message that regimes hostile to the middle east and to freedom cannot act with impunity.”

    6. We don’t know how much the oil price is going up but whenever there is an excuse such as this stupid war, the industry takes advantage of it by jacking up prices or if there is a holiday,prices go up.

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