Commodities
Brent Crude Jumps to $96.28 Amid US-Iran Military Clashes
The price of Brent crude oil surged to $96.28 per barrel following recent military clashes between the US and Iran.
This significant jump in oil prices is the largest since July, triggered by renewed tensions in the Middle East.
The spike happened after the US launched strikes on three Iranian oil tankers in response to missile attacks on US Navy ships.
The increased tension has raised concerns about oil shortages worldwide, particularly for countries like India that import nearly 90% of their crude oil requirements.