Middle East NBC News
Oih prices surge 9%, amid escalating Iran war and impact on global oil supplies
Oil prices surge to $90 per barrel as tensions escalate in Iran war, with US crude oil up nearly 9%. The increasing conflict is causing shockwaves in global markets.
Oih prices surged to $90 per barrel on Friday, poised for their biggest jump since early 2020, as tensions with Iran over energy supplies escalate. The price spike comes amid concerns of a potential war between the US and Iran, which could disrupt global oil markets. US crude oil prices rose near 9% in response to the escalating situation. Stocks also continued to drop as investors reacted to the market volatility.
Brief written with AI from reporting by NBC News. All rights to the original story belong to the publisher.