US EditionOil up, Stocks Down: Market Volatility Amid Iran-Israel War
- Israel and Iran engaged in a fifth consecutive day of airstrikes as of Tuesday, causing over 220 deaths in Iran and at least 24 in Israel.
- The conflict began last Friday when Israeli forces struck what they claim were nuclear targets in Iran, prompting Iranian retaliatory missile attacks.
- India’s embassy in Tehran set up a 24x7 helpline and urged nationals able to leave Tehran to relocate to safer places outside the city on Tuesday.
- Oil prices increased notably on Tuesday, with Brent crude futures rising 1.1% to $74.05 a barrel, amid growing concerns over the ongoing conflict in the Middle East, despite no reported disruptions to supply so far.
- The ongoing conflict heightened regional instability and triggered evacuation advisories, but Iranian oil exports remained steady despite strike damage and navigation risks near the Strait of Hormuz.
90 Articles
90 Articles
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…
La Nación, Grupo Nación
Oil prices rose sharply on Tuesday, driven by the hypothesis of possible US military involvement in the Israel-Iran conflict.The price of Brent's North Sea barrel, for delivery in August, increased by 4.40%, to $76.45. Its US equivalent, the West Texas Intermediate barrel, for delivery in July, gained 4.28%, to $74.84.
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