EMEA Oil Update: Oil Surges to 2-Week High as US-Iran Ceasefire Fractures
() -- Crude prices rallied to a two-week high on Wednesday after US-Iran peace deal neared collapse, triggered by tit-for-tat military strikes in the Persian Gulf and Washington's immediate revocation of a key Iranian oil sanctions waiver. Front-month Murban crude futures advanced 5.9% to $73.07 per barrel, while Brent