Oil prices rose after hostilities between the US and Iran flared again, this time with strikes on energy targets. This was reported by Qazaqyia.kz citing Reuters.
US military forces struck Iranian energy infrastructure, causing concern in the oil market and leading to a price increase. The conflict has been ongoing for several weeks, and the latest events have further escalated the situation. The rise in oil prices was driven by geopolitical risks, as investors fear supply disruptions in the Middle East.