Oil Rebounds Sharply as Hopes for Peace Fade Across the Middle East
Fresh strikes on Lebanon and explosions heard inside Iran push crude to multi-week highs, reviving fears of a prolonged Hormuz crisis. Israel struck Beirut on Sunday. By Monday morning, explosions were being reported across Iran – Tehran, Tabriz, and Isfahan. Oil markets responded immediately. What happened Brent crude jumped $3.20, or 3.39%, to $96.24 a […]
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