Oil in Biggest Gain Since 2022 as Israel Hits Iran, but Citi Warns Gains May Fade

ChiniMandi

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NEW DELHI: Israel's surprise airstrikes on Iran's nuclear sites have roiled global energy markets, sending oil prices skyrocketing and raising concerns about broader regional instability. While the surge is a positive for oil and gas prices in the near term, analysts at S&P Global Commodity Insights say prices are unlikely to remain under pressure unless it directly disrupts oil exports. "The attack is a positive for oil prices in the near term,…

Aporrea

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The Israeli attack on Iran last morning caused disturbance in the markets, firing oil prices and collapsing the most important indices in the stock exchanges. The price of the barrel of U.S. crude oil rose by about 7%, and also increased prices.

opisantacruz.com.ar

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International financial markets operate this Friday under heavy pressure following Israel’s military attack on Iranian territory, which revived tension in the Middle East and triggered the price of oil. The growing geopolitical uncertainty generated an immediate movement of investors towards assets considered safe, such as gold and U.S. Treasury bonds, to the detriment of emerging market stocks and bonds. Brent crude, a benchmark for internation…