Israel's Strike on Iran Hits Crude Oil Prices, sees 7% jump
After the strike hit, the global market has been impacted by a heavy crude oil price surge. The Oil prices increased by 7%, the highest level since 2022.
Israel attack on Iran nuclear facilities has impacted the crude oil prices/Image by Canva
Israel's attack on Iran's nuclear facilities has impacted the crude oil prices, also affecting both countries' relations by hitting the missile factories and military commanders. Israel's Prime Minister Benjamin Netanyahu said the attack would continue as long as necessary.
After the strike hit, the global market has been impacted by a heavy crude oil price surge. The Oil prices increased by 7%, the highest level since 2022.
This uncertainty has shocked the energy markets, as a very big disruption has been seen among potential investors. This will not only impact the production cut but can also cut the supplies.
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The conflict began on Friday, targeting military and government, killing a huge number of military leaders. It is also said that the dead list includes Hossein Salami, the Islamic Revolutionary Guard Corps, and Mohammad Bagheri, the chief of staff of the armed forces. Iranian nuclear scientists are also among the list.
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