Oil Prices Jump Over 10% Following Israeli Strikes on Iran
Market Impacts of Geopolitical Uncertainty: A Deep Dive
In an unexpected twist that has raised eyebrows across financial markets, US benchmark West Texas Intermediate crude oil futures surged dramatically by as much as 14% late on Thursday. As Friday dawned, figures reflected a striking 9.4% increase, settling at $74.44 a barrel at around 12:39 a.m. ET.
On the international stage, the Brent crude oil futures showcased similar trends, climbing as high as 13% before standing at $75.60 a barrel, reflecting a 9%…