Oil Surges Over 3% After Iran-Linked Escalation With US Raises Supply Fears
London: Global crude oil prices surged more than 3% after reports that Iran’s Revolutionary Guards targeted a US airbase in response to American strikes near Bandar Abbas airport. According to Beyond Time News, the escalation has heightened fears of supply disruptions in an already tense energy market. Crude Prices Climb Sharply Brent crude futures rose…