Oil Prices Spike as Iran Threatens Wider War
📡 Bloomberg Markets · 1 min read ·
Part of composite article Oil Crisis Explodes: Brent Crude Tops $105 as Iran Threatens Wider War and France Sends Troops to Saudi Oil Sites View full article →
Oil prices jumped after Iran threatened to expand the war in the Middle East. The threat dims hopes of a deal to reopen the Strait of Hormuz, a vital waterway for global oil shipments.