Oil prices rise sharply in market trading after attacks in Middle East disrupt global energy supply
U.S. and Israeli attacks on Iran triggered sharp oil price increases due to supply disruption concerns in the Middle East, with West Texas Intermediate crude rising 8% to $72 per barrel.
Oil jumps 10% on Iran conflict and could spike to $100 US a barrel, analysts say | CBC News
Brent crude surged 10% to $80/barrel following U.S. and Israeli strikes on Iran, with analysts predicting prices could reach $100 if the Strait of Hormuz closes, disrupting over 20% of global oil shipments.