Israel

Oil Prices Soar as Geopolitical Risk Rises Rapidly

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Oil prices spiked dramatically on Monday morning, with Brent breaking above $81 and WTI rising toward $77.  While hopes of an interest rate cut had already boosted bullish sentiment in markets, it is geopolitics and supply risks that sent prices soaring on Monday morning. A combination of Israel launching strikes against Hezbollah in Lebanon, Russia … Read more

Oil to remain elevated as Middle East tensions threaten a wider conflict

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This photo taken from a position in northern Israel shows a Hezbollah UAV intercepted by Israeli air forces over north Israel on August 25, 2024. The Israeli military announced early August 25, 2024 that it was conducting pre-emptive strikes in Lebanon after detecting preparations for “large-scale” attacks by the Iran-backed militant group Hezbollah. Hezbollah said … Read more