Oil, US-Israel war on Iran, Shipping industry, Business, Commodities, World news, Middle East and north Africa, International trade, Iran, Economics
Donald Trump insists surge in energy prices is ‘very small price to pay’ as Middle East conflict rattles global markets
Middle East crisis – live updates
Global oil prices surged past $100 (£74, AU$142) a barrel for the first time since 2022 as fallout from the US-Israel war with Iran continues to wipe 20m barrels of oil from the market each day.
A weekend of escalating violence in the Middle East intensified concerns around a sustained supply crunch, propelling oil prices to their highest level in four years and triggering a deep stock market sell-off.
Continue reading… The Guardian
About the Author
