On Tuesday, oil prices surged nearly two percent amid escalating tensions between the United States and Iran. The situation was further complicated by threats from Yemen’s Houthis regarding a potential naval blockade targeting Saudi Arabia. Additionally, reports emerged of an unknown projectile hitting a tanker in the sensitive Strait of Hormuz. In light of these events, Iran is now considering mediators’ proposals for a ceasefire to restore diplomatic relations.
Source :- Markets-Economic Times Read More
