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What Israel’s Attack Means for Oil Markets
Oil prices are surging after Israel’s attacks against Iran, with Brent crude futures jumping as high as $78.50 a barrel—their highest level since January. Here's what events in the Middle East may mean for the market going forward: Say goodbye to sub-$60 a barrel prices this year,
Economic and financial expert Dr. Bashir Aliya warned on Saturday that escalating tensions in the region could drive global ...
If prices go up, Fed officials may be inclined to raise its benchmark rate, raising borrowing costs for businesses and ...
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies. Read more at The Business Times.
The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.
U.S. ultra-low sulfur diesel futures hit the highest level since February, outpacing gains in oil and gasoline as analysts ...
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
The US ordered some staff to leave its embassy in Baghdad, and restricted government employees and family members in Israel from traveling outside major cities like Tel Aviv. Around the same time, ...
The Indian rupee is expected to slip past 86 to the U.S. dollar at the open on Friday, hit by surging oil prices and sliding ...
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