Due to the tension between Iran and Israel, the prices of crude oil in the world market have increased.(Singapore)
Due to ongoing tensions in the Middle East, crude oil prices in the world market have increased by 1.5%, the price of British crude oil Brent oil has reached the level of 74 dollars per barrel.
US crude oil WTI continues to sell at 70 dollars per barrel.
On the other hand, Iran has told the countries of the region that it is preparing to attack Israel in an aggressive manner.
According to foreign media reports, Tehran has told diplomats in the region that it is planning to use more powerful war weapons against Israel.
This message from Iran comes at a time when the US has warned Iran that it will not be able to prevent Israel from retaliating if it retaliates against Israel, and the market is concerned that Israel’s expected response against Iran. The action could affect oil supplies.
Iran-Israel Tensions Surge Global Crude Oil Prices
