US-Iran Conflict Escalates with Attacks and Blockade, Driving Oil Prices Up
Oil prices have surged by 14% to nearly $85 per barrel as the conflict between the United States and Iran intensifies, following the collapse of a ceasefire and renewed US sanctions. The US has carried out air strikes and reimposed a blockade on Iranian ports, while Iran's IRGC claims strikes on US military sites and Tehran threatens to halt all Middle East energy exports, raising global supply concerns.
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Tehran threatens to halt all Mideast energy exports after US reimposes its blockade on Iran
Read full article →Oil price jumps 14% to $84 per barrel as US-Iran ceasefire collapses
By Obas Esiedesa, Abuja Global oil prices surged by 14 per cent to almost $85 per barrel yesterday as the escalating conflict between the United States and Iran intensified fears of prolonged disruptions to global crude supplies. Brent crude, the international benchmark, climbed to $84.37 per barrel, up from $76.01 on Sunday, extending a sharp rally […] The post Oil price jumps 14% to $84 per barrel as US-Iran ceasefire collapses appeared first on Vanguard News.
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