Oil Rises on Reports of U.S. Strike on Iran's Qeshm Island
Published 2 d ago8 sourcesEvidence: Reported
Brent and WTI crude futures rose over 1% after Iran's remarks cast doubt on a US peace deal, raising supply risk premium. The market is reacting to geopolitical uncertainty in the Middle East, with no confirmation of a breakdown in talks. Higher oil prices could feed inflation and pressure import-dependent economies.
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Published 2 d ago9 sourcesEvidence: Reported