Israel-Iran War: Oil Prices Spike in Global Market After Israeli Forces Launch Airstrikes in Southern Iran, Check Details

Following attack by Israel on southern Iran, oil prices have seen a rise. The Middle East which is a major global crude oil producer, faces escalating tensions between Iran and Israel. The region's instability poses risks to oil markets, with potential supply shortages affecting global oil prices. As per recent statistics, the Middle East accounts for over 30% of global crude oil production. Tensions escalated between Iran and Israel when on April 13, Iran unleashed a barrage of drones and missiles on Israel in retaliation for a suspected Israeli strike that resulted in the deaths of top Iranian officials in Syria. Israel-Iran War: Israeli Missiles Strike a Site in Iran Following Missile and Drone Attack on Tel Aviv by Revolutionary Guards.

Iran-Israel War

(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)