Oil Prices Surge 11% as US-Iran Talks Collapse Again
Due to escalating geopolitical tensions and unsuccessful diplomatic attempts between the United States and Iran, global oil prices spiked by more than 11% throughout the week. Concerns about supply interruptions have been heightened by the unpredictability surrounding Middle East stability, especially with regard to the Strait of Hormuz, a vital oil transit route. The U.S. … Read more