Oil market reacts to Middle East conflicts
• By Editorial Staff
Oil prices have surged to a five-month peak due to attacks in the Middle East. Brent crude has surged on reports of escalating conflicts, while more oil is now flowing from the Persian Gulf than before the Iran war. These developments have increased concerns over global supply. The Guardian, Reuters, and the Wall Street Journal have reported on the rising prices and the impact of the Middle East conflicts on oil production.