Crude oil climbs by over $1 as concerns mount over the widening turmoil in the Middle East.
Summary: Oil prices surged by over $1 on the news of the U.S. military striking Iranian targets in Syria, which raised concerns about a potential expansion of the Israel-Hamas conflict. While the strikes didn’t directly impact supply, they heightened fears that the conflict in the Gaza Strip could disrupt oil supply from major producers like … Read more