Attacks on Israel by Iran cause limited damage but actions by the parties will hit energy markets, halt Iran nuclear plans

Sunday, 14 April 2024

Murban crude oil in Abu Dhabi that usually trades at around $3 a barrel below dated Brent crude was trading at $90 a barrel on April 14 after Iran launched its first ever direct state-on-state attack on Israel using drones and cruise missiles, indicating that oil and gas prices in Europe will rise on Monday April 15, though the increase in Brent price could be limited to under $95 a barrel because of previous factoring in of the ongoing crisis.


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Last modified on Sunday, 14 April 2024 11:52
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