Oil Prices Jump as Middle East Conflict Escalates
Global oil prices rose sharply following continued military strikes involving Iran, the United States, and Israel, heightening concerns over energy supply disruptions and renewed inflationary pressure. Brent crude increased 6.4% to US$77.57 a barrel after briefly surpassing US$82.00, while US crude climbed 6.13% to US$71.13. In early Asian trading on Monday, oil prices surged more […]