Iran conflict escalates, oil prices surge over 7%
pre-market1 source ↓written by the desknot a recommendation
- per barrel
- $73 to over $79
US President Donald Trump's announcement ending the ceasefire with Iran has raised fears about shipping through the Strait of Hormuz. Crude prices reacted sharply, with Brent crude rising over 7% in a day, from nearly $73 to over $79 per barrel. This renewed tension could lead to further advisories for seafarers and impact oil supply chains. ⚓
Not investment advice. For informational purposes only.