Oil Prices Surge to 4-year Highs Amid Escalating Persian Gulf Tensions

WTI crude oil futures skyrocketed over 11 per cent on Friday, breaching $112 per barrel—the highest level in nearly four years—as traders reassessed supply risks from the intensifying war in the Persian Gulf. Brent crude followed suit, climbing more than seven per cent above $109 per barrel, its highest mark since 2022. The rally gained […]

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