US EditionBrent Oil Shoots After Escalation in the Middle East and Global Fear for Supply
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Photo: Social networks. Brent oil prices rose sharply and exceeded $119 per barrel, following reports of a drone attack attributed to Iran against an oil facility in the United Arab Emirates. The escalation of tension in the Middle East generated concern in international markets about a possible impact on global energy supply. In recent hours, the oil market reacted with volatility to these events, after the Emirates denounced drone and missile …
What to remember: Iran fired four cruise missiles on the United Arab Emirates on Monday night, including three intercepted by the anti-aircraft defence Emirati. Tehran threatened to attack any U.S. military ship attempting to enter the Strait of Ormuz, in response to Trump's 'Project Freedom'. The Brent jumped from 6% to $114.45, the performance of the 30-year-old Treaty went through 5%, Wall Street fell by 0.4%. The ceasefire in the Middle East…
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