Oil Prices Surge Amid Middle East Tensions Following Iran’s Appointment of Mojtaba Khamenei
Khamenei, successor to the late Ali Khamenei, reinforced the hardline leadership in Tehran, raising concerns over prolonged disruption of the Strait of Hormuz—a vital shipping corridor for about 15 million barrels of crude daily, nearly 20% of global supply.Price Movements: The spike follows escalating attacks on energy infrastructure across the region. Bahrain accused Iran of […]
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