Oil ends week higher on renewed US-Iran strikes, diesel hits record
· economictimes.indiatimes.com
Oil prices have surged dramatically this week amidst escalating military tensions between the U.S. and Iran. Record-high retail diesel prices in the U.S. are fueling global inflation concerns. Supply chain disruptions in the Middle East are dealing a blow to crude oil futures. Analysts warn of potential further increases if the conflict deepens. Additionally, positive U.S. employment figures could encourage the Federal Reserve to raise interest rates soon.
Synopsis
Oil prices have surged dramatically this week amidst escalating military tensions between the U.S. and Iran. Record-high retail diesel prices in the U...