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Oil Prices Spike to $75 as Israel-Iran Tensions Reignite Geopolitical Risk
The Business NG
|The BusinessNG
Geopolitical risk has returned to the global oil market in full force, with ICE Brent crude futures surging to $75 per barrel following Israel's latest airstrikes on Iran.
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The escalation comes at a time when OPEC+ is gradually unwinding production cuts, and global oil demand is slowing under the weight of renewed trade tensions fueled by Donald Trump's tariff wars.
This story is from the The BusinessNG edition of The Business NG.
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