·
·
Economy
Oil prices surged sharply after Iran and Israel exchanged military strikes, threatening Middle East stability amid stalled peace efforts.
Oil prices experienced a sharp increase after Iran and Israel engaged in military exchanges, posing a threat to the ceasefire in the Middle East amid stalled attempts to end the conflict.
Brent crude rose by as much as 5 percent, reaching $97.75 per barrel, while West Texas Intermediate crude increased by approximately 4.6 percent, approaching $95 per barrel, according to data from Bloomberg News.
