Oil prices are climbing on concerns about an escalating Iran war

🌐 Euronews (IR) —
Oil prices are climbing on concerns about an escalating Iran war

AI Summary

Oil prices have risen amid concerns about an escalating war involving Iran, contributing to losses in stock markets and renewed inflation fears. Reports say US President Donald Trump was considering further strikes on Iran ahead of the US midterm elections next month.

Stock markets recorded losses on Thursday as fresh inflation fears came into focus following a jump in oil prices. This comes amid reports that US President Donald Trump was considering further strikes on Iran ahead of next month's US midterm elections.

World Security Conflict Politics Markets Commodities Energy Iran oil prices war United States Donald Trump inflation stock markets

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