Israel-Iran War: Oil Prices Surge as Iran Fires Missiles, Raising Fears of Supply Disruptions

Iran Israel War: Oil prices are rising as tensions in the Middle East escalate, following Iran’s missile strikes on Israel. WTI crude rose by 1.56%, and Brent by 2.6%, reflecting fears of supply disruptions. Iran, a major OPEC member, is critical to global oil production, and any instability in the region could threaten output. Israeli Prime Minister Netanyahu vowed retaliation, while Iran warned of severe consequences. The U.S. has expressed full support for Israel, and the U.N. Security Council is set to discuss the crisis.

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