KATHMANDU: Following Israel’s missile strike on Iran, the global market has witnessed a three percent surge in crude oil prices, sparking concerns of a potential oil crisis.
The escalation of conflict between these oil giants has sent shockwaves through the market, with crude oil prices reaching nearly $90 per barrel, as reported by the BBC.
In addition to the surge in oil prices, the price of gold has also skyrocketed to $2,400 per ounce, marking a new record in the global market.
Israel’s attack on Iran has heightened tensions, prompting fears of further retaliation and instability in the region.
The strike comes amidst Israel’s warning of a robust response to any Iranian aggression.
As the situation unfolds, the global market remains on edge, closely monitoring developments and their potential impact on fuel and commodity prices worldwide.
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