Analysts expect two-sided risks as a slump in demand competes with supply losses from the Middle East

Brent crude, the international benchmark, rose 2.4 per cent to $93.33 a barrel in early trading

Analysts expect two-sided risks as a slump in demand competes with supply losses from the Middle East

Oil prices surged after US strikes on Iran and stalled diplomacy, fueling fears of escalating Middle East tensions and potential Strait of Hormuz blockade.

Middle East tensions escalated as Iran launched missiles, prompting U.S. strikes and rattling oil markets. Brent and WTI crude prices saw a notable increase. Diplomatic efforts…

Prices rise for third day as fresh fighting flares up in the Middle East