Oil climbs to one-month high as US, Iran step up attacks

๐ŸŒ Rappler (PH) —
Oil climbs to one-month high as US, Iran step up attacks

AI Summary

Oil prices have reached a one-month high following escalated attacks between the US and Iran. This price surge coincides with the recent peace memorandum signed by the two countries aimed at ending the conflict in the Persian Gulf region.

Oil prices are now at their highest since the two countries signed a memorandum of understanding to end the war on June 17

Security Politics Markets Energy oil prices US Iran attacks energy markets memorandum of understanding Persian Gulf price surge

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