Global oil markets are reacting strongly after US forces struck Iran’s Kharg Island, a key oil export hub. Prices for Brent and WTI crude have surged past $100 per barrel. The Strait of Hormuz, a vital shipping lane, faces potential disruption. Iran has threatened retaliation, raising regional tensions. Investors and businesses should monitor developments closely as oil prices remain volatile.
Source :- Markets-Economic Times Read More
