Oil Surges as US Strikes Iran, Testing Ceasefire
Oil Prices Spike Amid Escalating US-Iran Tensions Renewed U.S. airstrikes targeting Iranian air defenses, surveillance sites, and drone launch locations have sent oil prices soaring, with Brent crude exceeding $76 a barrel. This escalation, a response to recent attacks on commercial shipping in the Strait of Hormuz, also saw Washington revoke a crucial sanctions waiver…
