Commodities
US-Iran Tensions Fuel Surge in Crude Oil Futures
Crude oil futures opened the week on a positive note as tensions between the US and Iran escalated over the weekend. The two countries traded blows, with each side launching retaliatory attacks on ships, including oil tankers.
The development has added to the ongoing supply strain in the region, which has been causing prices to rise. In recent weeks, global crude oil prices have topped $100 per barrel due to rising geopolitical tensions.