Categories: Business

Crude heads for biggest weekly gain in months amid intensifying Middle East crisis

Oil prices surged as escalating US-Iran military tensions raised supply disruption concerns. Brent crude traded at $85.34 and WTI crude at $80.08 per barrel. Recent US strikes aimed to degrade Iranian military capabilities, while Iran retaliated against regional allies. Renewed hostilities revived fears of a broader conflict and threats to the Strait of Hormuz. Iran warned of widespread infrastructure damage if US threats to strike its facilities are carried out.

The News Vista

Leave a Comment
Share
Published by
The News Vista
2 months ago

Recent Posts

Miami man who posed as elderly woman’s son gets 20 years in prison

Post Content

2 hours ago

NCLT bars Subhash Chandra from alienating assets, stays Rs 6.5-crore settlement order

2 hours ago

Should Novak Djokovic take a leaf from Lionel Messi and retire?

Now, Messi and Djokovic do have a lot in common. Both came from impoverished backgrounds…

2 hours ago

Punjab health scheme covers 12,467 sepsis treatments worth Rs 51.58 crore

Punjab's health initiative has successfully treated more than 12,000 cases of severe sepsis and septic…

2 hours ago

Union minister Chirag Paswan gets death threat; seeks protection

Union minister Chirag Paswan received a death threat through postal mail on Tuesday. The letter…

2 hours ago

India’s tech jobs face another jolt: Oracle to cut 3,000, Microsoft puts 500 on PIPs

Global tech giant Microsoft has put around 500 employees in India on performance improvement plans…

2 hours ago