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Oil Prices Rise to Six-Week High After Iran-U.S. Clashes and Reported Saudi Aramco Strikes

Oil prices climbed to a six-week high after Iran and United States exchanged attacks, with Saudi Aramco facilities reportedly hit.

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Bobby Brown

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Oil Prices Rise to Six-Week High After Iran-U.S. Clashes and Reported Saudi Aramco Strikes

Oil prices have risen to a six-week high after Iran and the United States traded blows, while reports said Saudi Aramco facilities were hit. The developments have increased fears of supply disruptions in the Middle East, particularly if attacks spread to production sites, pipelines or shipping routes. Energy markets are also watching for possible retaliation and changes in tanker traffic. Saudi officials have not confirmed the reported damage, and investors remain alert to further volatility as governments assess the conflict.

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