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Oil up, Stocks Down: Market Volatility Amid Iran-Israel War
- Over the past five days, Israeli Defense Forces repeatedly struck sites in Tehran and other Iranian cities, killing over 220 people, while Iran's retaliatory attacks killed at least 24 Israelis.
- The conflict escalated after Israel targeted Iran's nuclear program and military infrastructure, citing Iran's nuclear ambitions and its closer-than-ever progress toward a weapon.
- Meanwhile, the Indian embassy in Tehran has been coordinating with Iranian authorities since Monday to relocate Indian nationals to safer locations and urged those reachable to exit the city immediately.
- Oil prices surged, with Brent crude rising 1.1% to $74.05 per barrel amid growing Middle East tensions, while Iranian oil exports remained steady, reaching their highest daily volume in several years at 1.8 million barrels in May.
- The ongoing Israel-Iran conflict continues to fuel regional instability and market volatility, prompting concerns of escalation but with no confirmed disruptions to oil supply so far.
96 Articles
96 Articles
Gas prices: Increase at the pumps throughout the country - Washington Examiner
The national average price for a gallon of regular gas rose on Wednesday to $3.187, according to AAA. This was an increase from Tuesday, when it was $3.167 per gallon. It was also an increase from a week ago when the average price for regular gas was $3.124 per gallon, which was the lowest price gas has been since March. Wednesday’s price point for a gallon of regular gas was slightly lower than the national average cost for gas on Memorial Day…
Israel and Iran continue to exchange air strikes, and oil prices moved higher on Tuesday.
Lee Zeldin to Newsmax: EPA Motivated to Offset Oil Price Hikes
A spike in oil prices resulting from the conflict between Iran and Israel only motivates the Trump administration to work harder to lift suffocating regulatory burdens on domestic energy production, Environmental Protection Agency Administrator Lee Zeldin told Newsmax on Tuesday. Oil prices climbed more than 4% on Tuesday as the Iran-Israel conflict reached its fifth day, with no end in sight, Reuters reported. In March, the EPA announced 31 der…
The price of the Mexican mixture reached its highest level since the end of January of this year in response to the possibility of seeing greater attacks in the conflict between Israel and Iran.The above, it left the crude marker quoted on Tuesday at $69.90 per barrel, after having recorded an increase equivalent to 4.31 percent, moreover, in what is going on in June, accumulates an increase of 22.37 percent.Why did the price of oil rise?However…
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