Oil prices are climbing once again, creating fresh worries for investors and oil-importing countries like India. After a brief fall in crude prices, tensions in the Middle East have pushed Brent crude back towards the $87-$88 per barrel level.
Middle East conflict
Iran Ceasefire at Risk: Strait of Hormuz Closure Raises Fresh War Fears
Iran Ceasefire at Risk: The Iran ceasefire is under threat after fresh attacks in Lebanon. Iran shuts the Strait of Hormuz again, raising global tension and market uncertainty.
Iran Rejects Trump Ceasefire Plan on Hormuz Strait, Tensions Rise Before Deadline
Iran Rejects Trump Ceasefire Plan: Iran has refused the ceasefire proposal given by US President Donald Trump, increasing tensions in the Middle East just before a strict deadline related to reopening the Strait of Hormuz.