US-Israel Attack Iran: Oil Prices Surge By 13% in Early Trade
Global oil prices soared sharply in early trading after the US and Israel launched major strikes on Iran, with Brent crude and U.S. benchmarks jumping on fears of supply disruptions in the energy‑critical Middle East. Traders reacted to rising geopolitical risk as the conflict threatens key shipping routes like the Strait of Hormuz, a chokepoint for about 20 % of the world’s oil flows, prompting a strong “risk premium” in global energy markets.
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