Africa News
Africa · 4 hrs ago
✦ 78◉ Centre
Crude oil jumps over 3% as Middle East tensions escalate
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Quality 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Oil prices rose more than 3% following Iranian missile strikes on Israel, driven by concerns over regional escalation and potential energy supply disruptions, despite OPEC+ raising production quotas.
Crude oil jumps over 3% as Middle East tensions escalate
Oil prices jumped more than 3% on Monday after Iran launched missiles at Israel, raising fears of a wider regional conflict and renewed disruption to energy supplies. The gains came despite an OPEC+ decision to increase production quotas for July.
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