Crude jumps over 2 per cent on fresh US–Iran military escalation

AI Summary

Oil prices have soared over 2% amid concerns of supply disruptions following renewed military engagements between the U.S. and Iran. This uptick in oil prices is reflective of the significant geopolitical tensions in the region.

Oil prices surged more than 2 per cent after renewed military clashes between the United States and Iran heightened fears of supply disruptions ...