Oil Prices Surge Over 3% on US-Iran Strikes and Israel-Lebanon Advance
Key takeaways
- crude futures rose more than 3% to around $90 a barrel and Brent to near $94 after the U.S.
- and Iran traded strikes and Israel ordered troops deeper into Lebanon amid the conflict with Hezbollah.
- Prices had closed at six-week lows on Friday.
AI insight — what it means
Rising conflict involving the US, Iran, Israel, and Lebanon is driving oil prices higher. Everyday investors may soon see increased costs for gasoline and travel.
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