The U.S. is initiating a partial evacuation of its embassy in Iraq due to rising security risks, causing oil prices to surge. This follows increased tensions in the Middle East, particularly related to Iran and ongoing conflicts.
Oil prices are climbing due to supply concerns as Iran rejects a U.S. nuclear deal proposal and wildfires in Canada disrupt production. Discover the factors driving these changes!
Oil prices opened 1% higher as the U.S. vowed to continue military action against Yemen’s Houthis, disrupting global commerce. Analysts predict slower growth in oil demand amid economic concerns.
