Oil prices spike as Israel–Iran conflict hits major gasfields and threatens global supply

Oil prices have risen more than 5 percent following an Israeli strike on Iran’s South Pars gasfield as the United States-Israeli war on the country continues to escalate. Brent crude, the international standard, rose 5 percent to $108.66 a barrel on Wednesday, while US West Texas Intermediate crude CLc1, the price barometer for US oil, […] Read Full Story