NewzVille International
Oil prices surged on Tuesday amid escalating tensions between Israel and Iran, fueling investor concerns over potential supply disruptions.
Prices rose by nearly two percent before easing slightly, though market sentiment remained jittery. Analysts warned that any further escalation in the conflict could trigger another sharp spike in oil prices.
Following a sharp rise on Friday after Israel’s strike on Iran, crude prices dipped slightly on Monday, as traders hoped the conflict would remain contained and critical oil infrastructure would be spared. However, prices rebounded after U.S. President Donald Trump called for the evacuation of Tehran.
Meanwhile, Asian stock markets showed mixed performance. Gains were led by Tokyo, Sydney, Seoul, Singapore, and Taipei, while Shanghai and Hong Kong lagged behind.
