Oil prices surged nearly 20% to their highest since July 2022 amid escalating U.S.-Israeli conflict with Iran, sparking fears of supply shortages and shipping disruptions. Middle Eastern producers are reportedly cutting output due to full storage, potentially sustaining elevated prices and delaying future production recovery.
​Oil prices surged nearly 20% to their highest since July 2022 amid escalating U.S.-Israeli conflict with Iran, sparking fears of supply shortages and shipping disruptions. Middle Eastern producers are reportedly cutting output due to full storage, potentially sustaining elevated prices and delaying future production recovery. by Soban News (international And National News)
