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Mmastodon BusinessMarkets first seen 1 d ago, last 1 d ago, peak #11

Oil Prices Surge on Middle East Tensions and US Hurricane Threat

Original: 🔴 BREAKING Oil Prices Surge Amid Middle East Tensions and US Hurricane Threat Brent crude rose 3.8% to $104 a barrel due

Brent crude jumped 3.8% to $104 a barrel as escalating Middle East tensions and a potential US hurricane threatening production combined to rattle energy markets. The spike triggered selling across global bond and stock markets, with investors weighing the risk of supply disruptions on two fronts at once.

Why now: A sharp oil price rise driven by two simultaneous risks is fueling fears of broader market turmoil and inflation.

Brent crudeMiddle EastUnited Stateshurricane

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