Crude Oil Prices Surge Amid Rising Middle East Tensions
New Delhi, March 5: Crude oil prices surged over 2% on Thursday amid escalating tensions in the Middle East. Concerns over supply disruptions have driven prices higher, particularly after Iran closed the Strait of Hormuz. In early trading on the Intercontinental Exchange, the April contract for benchmark crude rose by 2.43%, reaching $83.26 per barrel. … Read more