Global oil prices surged sharply on international energy markets amid rising geopolitical tensions in the Middle East and concerns over potential threats to critical energy infrastructure. AzerNEWS reports that crude oil prices recorded significant gains during trading on the New York Mercantile Exchange. Futures for West Texas Intermediate crude oil for April delivery jumped by…
Day: March 9, 2026
The recent attacks by Israel on Iran’s oil refineries mark an unprecedented escalation in Middle Eastern geopolitics. For the first time, a key economic artery of Iran, namely, its energy infrastructure has been directly targeted, signaling that the region is entering a new phase of strategic confrontation.
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