Global crude oil prices surged sharply on Monday, with both major international benchmarks posting gains of more than 9 percent. The upsurge comes amid heightened concerns over potential disruptions to global energy supplies following the escalation of airstrikes between Iran and the United States/Israel. Checks by DAILY POST showed that, West Texas Intermediate crude climbed […]
Global crude oil soars more than 9% as Middle East tension deterio…
In the Middle East, it is the escalation: explosions were heard around the Strait of Ormuz in the afternoon, Tuesday, July 14, while Donald Trump intends to re-establish the naval blockade in the area tonight. Inevitable consequence: oil blazes and the price of the barrel is approaching the bar of 90 dollars. What consequences at the pump?