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Iran’s retaliation against Israel’s military strikes shook global markets on Friday. Oil prices surged and stocks tumbled on worries that the attacks could set off a broader Middle East ...
Iran is the third largest producer of oil within OPEC+, and the attack has caused prices to surge over 5%. Brent crude (BZ=F) futures jumped 5.5% to $73.27 a barrel while West Texas Intermediate ...
Oil prices plunged to their lowest level since December 2021, with Brent oil falling 4% to $68.99 on Tuesday. Supply and demand issues, including a slowdown in China's economy, are pressuring prices.
On March 13, the Biden administration approved the controversial Willow Project in Alaska. ConocoPhillips’ massive Willow oil drilling project on Alaska’s North Slope moved through the ...