So, all that we can expect in the coming hours is a lot of volatility. Well, the new fear premium that has crept into crude will more or less remain intact but expect even heightened volatility.
Oil prices experienced a slight decrease after reaching a six-month record. Investors have shrugged off fears of a wider Middle East war disrupting supplies.
Israel launched an attack on Iranian soil on Friday, US officials said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.
Israel launched a strike on Iranian soil on Friday, sources said, in the latest of the tit-for-tat exchanges between the regional arch foes whose long-running shadow war has broken into the open.
Middle East News: Israel retaliated against Iran's direct attack, bringing the long-standing adversaries into direct conflict in the Middle East. The strikes followed I