Oil Prices Surge Amid Israel-Iran Conflict
Oil prices surged as Israel and Iran engaged in fresh attacks, heightening fears of supply disruptions and a broader regional conflict. Brent crude futures rose by 2.3% to $75.93 a barrel, while U.S. West Texas Intermediate crude futures gained 2.2% to $74.60. The conflict escalated with civilian casualties, leading to concerns about oil exports from the Middle East. President Trump expressed hope for a ceasefire between Israel and Iran but acknowledged the possibility of continued fighting before a deal is reached.