Crude Oil Prices Surge Amid Middle East Supply Concerns
Crude oil prices rose Friday amid fears of a fresh U.S.-Iran war and the ongoing Houthi-Saudi Arabia conflict.
WASHINGTON (dpa-AFX) — Crude oil prices surged on Friday amid growing fears of a new, prolonged and intense war between the U.S. and Iran, as well as the continuing conflict between the Houthis and Saudi Arabia. The escalation could disrupt oil and energy flows from Arab nations for an extended period.