Iran’s Foreign Minister Abbas Araghchi warned the United States on Monday that Tehran still has “many surprises” amid escalating regional tensions. The statement came nine days into what he called “Operation Epic Mistake,” which he said has already doubled oil prices. Araghchi’s warning highlights rising friction over US actions targeting Iran’s oil and nuclear sites. […]
crude oil surge
Oil prices surge amid Strait of Hormuz tensions
Global oil prices surged sharply on Monday, climbing more than 25% to their highest levels since mid-2022 as escalating geopolitical Strait of Hormuz tensions in the Middle East disrupted supply and alarmed energy markets. Read More: Oil surges as Hormuz disruption shakes global supply Benchmark Brent crude rose nearly 27% to $117.65 per barrel in early trading, while […]