Quartz·2 min read·medium
Oil is heading for its biggest monthly surge since March as the U.S.-Iran war intensifies
✦AI Summary
Brent crude oil prices have surged by approximately 20% in July due to escalating tensions in the U.S.-Iran conflict. The rise is driven by increased fighting, threats to shipping chokepoints, and the failure of recent ceasefire efforts.
Brent crude has gained about 20% in July as fighting escalated, shipping chokepoints came under attack, and a brief ceasefire collapsed
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