Oil Prices Climb to Six-Week High Following U.S.-Iran Strikes and Reports on Saudi Aramco
Summary
Renewed clashes between the U.S. and Iran along with reported strikes on Saudi Aramco facilities pushed oil prices to a six-week high on Monday.
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Oil prices surged to a six-week high on Monday following renewed attacks between the United States and Iran.
The price jump came amid reports that Saudi Aramco facilities were reportedly hit as the adversaries traded blows. Market participants are closely monitoring the escalation and its potential impact on global energy supplies.
Source: CNBC
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