Oil near $114 as US-Iran fire jolts ceasefire and puts inflation scare back on Wall Street

๐ŸŒ Moneycontrol.com —
Oil near $114 as US-Iran fire jolts ceasefire and puts inflation scare back on Wall Street

AI Summary

Crude oil prices have surged to near $114 due to heightened tensions between the US and Iran, which has raised concerns about future inflation and economic stability. This significant spike reflects the geopolitical implications for energy markets.

Crude oil surged above $115 as US-Iran tensions escalated. Strait of Hormuz tensions raise fears of higher energy prices. US equities dipped;ย ...

Politics Markets Energy crude oil US-Iran tensions inflation energy prices geopolitical implications

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