Oil prices have surged following a resumption of hostilities between rival nations, breaking a period of uneasy calm that had kept markets on edge. The exchange of fire, which marks a sharp escalation in tensions, has reignited concerns over supply chain disruptions in a region critical to global energy flows. Traders reacted swiftly, with futures contracts climbing as investors reassessed risks to production and shipping routes. Analysts warn the volatility could persist unless further de-escalation measures are confirmed, highlighting the delicate balance in markets already strained by geopolitical uncertainty.
Oil prices rise after exchange of fire between warring countries ends weeks of relative quiet
