Oil markets reacted sharply on Wednesday as Iran renewed its assaults on U.S. military installations. Strikes by the Revolutionary Guards on American destroyers and a Jordanian base marked a direct counter to U.S. attacks on their oil tankers. Analysts caution that should shipping turmoil escalate, oil prices might spike to $120 per barrel, intensifying fears over crude supply stability worldwide.
This story was originally reported by Economic Times — Markets. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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