Crude oil prices are experiencing a notable surge this week, marking the most significant increase since early June when Israel conducted a missile attack on Iran. This current spike is the result of Russia’s announcement of plans to implement limitations on diesel exports. The market reacted swiftly to this news, pushing oil prices upwards. The last time such a significant jump occurred was during the Israel-Iran war, highlighting the impact of geopolitical events on oil markets.
Oil Prices Surge with the Sharpest Weekly Jump Since Israel-Iran War
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