Oil prices have surged dramatically this week amidst escalating military tensions between the U.S. and Iran. Record-high retail diesel prices in the U.S. are fueling global inflation concerns. Supply chain disruptions in the Middle East are dealing a blow to crude oil futures. Analysts warn of potential further increases if the conflict deepens. Additionally, positive U.S. employment figures could encourage the Federal Reserve to raise interest rates soon.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.