Crude oil prices are on track to experience their most significant weekly increase since early June, reminiscent of the time when Israel conducted a missile strike on Iran. This time, the surge is being driven by Russia’s decision to restrict diesel exports, indicating potential supply constraints. The geopolitical dynamics, including the ongoing strikes in Ukraine, have added fuel to the fire, intensifying concerns about the future of oil supply and demand.
Oil Prices Set for Sharpest Weekly Jump Since Israel-Iran War
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