Oil Prices Surge Amid Middle East Supply Concerns and Shipping Attacks
Oil prices surged by around 5% due to escalating tensions in the Middle East, including record tanker attacks in the Strait of Hormuz and increased Iranian aggression. These supply concerns are compounded by a US hurricane threat, impacting global oil markets and causing Dow futures to slide. The situation has heightened fears over energy security and shipping safety in the region.
Investing.com·



