Oil Markets Rattle as Israel-Iran Tensions Push Energy Prices Skyward
Key Points
- Israel's airstrikes on Iran have caused a surge in oil price...
Buckle up, market mavens—the global energy rollercoaster just hit another loop-de-loop, and this time, it's Israel and Iran taking center stage.
Boom Goes the Oil Barrel
When geopolitical tensions start brewing, energy markets don't just simmer—they positively explode. On June 12, Israel launched targeted airstrikes against Iranian facilities, causing oil prices to spike faster than a caffeine-addicted day trader. West Texas Intermediate (WTI) crude jumped more than 10%, climbing to $77.62 per barrel, while futures indices like the Dow nosedived about 400 points.
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