Oil prices closed out the week solidly higher with the market on edge about the possibility of renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure.
Oil rallied yesterday as markets grow increasingly concerned about the risk of a renewed escalation in tensions between the US and Iran
The Middle East conflict could flare up again as the U.S. reportedly plans to resume strikes against Iran.
Oil futures rose sharply as Yemen’s Houthis launched fresh attacks on Saudi Arabia’s energy infrastructure and the market saw risk of further U.S.-Iran hostilities disrupting Middle East oil supplies.
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