/ Middle East
Oil Prices Rise on Reports of Potential Israeli Strike on Iran
Crude oil prices jumped nearly 1.5% to $62.94 per barrel following reports suggesting Israel may be preparing strikes on Iranian nuclear facilities.
May 21, 2025Crude Oil Price Jumps Over 4% as Israel-Iran Tensions Escalate
Oil prices spiked on Thursday as escalating Middle East tensions, particularly between Israel and Iran.
October 03, 2024Gold Breaks $2,600 as US Bolsters Middle East Forces Amid Rising Tensions
Gold prices soared to record highs near $2,620 per ounce on September 23, 2024, driven by Fed rate cuts and Middle East tensions.
September 23, 2024US Restricts AI Chip Exports to Middle East, AMD and NVDA Affected
The U.S. government has restricted AMD and Nvidia from exporting advanced AI chips to several Middle Eastern countries.
May 31, 2024Why are Oil Prices on the Rise? Three Factors Worth Considering
Brent crude futures rose above $81 on Wednesday amid persisting conflicts in the Middle East, a slump in US crude output, and China's fresh economic stimulus.
January 25, 2024