💨 Abstract

Oil prices increased by about 3% on Tuesday after Iran launched missiles at Israel in response to Israel's campaign against Hezbollah allies in Lebanon. This escalation has raised concerns about potential disruptions to Iranian oil production or exports, which could exceed a million barrels per day according to an analyst. The market was previously trading near a two-week low due to increased supplies and weak global demand growth.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖