💨 Abstract

Oil prices rose on Monday due to concerns about potential supply disruptions from the Middle East, as Israel escalated attacks on Iranian-backed forces. The escalation increased the likelihood of Iran being directly involved in a conflict, posing a risk to OPEC oil supply. Prices were also supported by the U.S. defense secretary authorizing military reinforcement in the Middle East.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖