Oil prices surged over $2 per barrel amid rising tensions as Iran plans potential attacks on Israel.

Oil prices rose over $2 per barrel on Thursday, with WTI crude up 3.13% to $70.76 and Brent futures up 2.91% to $74.26. This increase follows reports that Iran may be planning an attack on Israel from Iraqi territory within days, using drones and missiles. The potential escalation of tensions between Iran and Israel has contributed to the rise in oil futures, particularly after a recent decline in prices earlier this week.

October 31, 2024
54 Articles

Further Reading