Both crude benchmarks rocketed over 5% on Tuesday afternoon before closing around 2.5% up for the day – but oil broker Tamas Varga warned prices could erupt much further if Israel retaliates to Iran’s massive 180-missile attack Tuesday night.
The UN Security Council is set to meet later on Wednesday to address the geopolitical turmoil, as is the OPEC+ group of nations to discuss market conditions.
DID
TEHRAN, Nov. 21 (DID) – Iran’s Foreign Investment Board approved more than $5 billion in foreign investments during its 286th meeting under the new administration, according to a statement from the Ministry of Economy on Wednesday.
TEHRAN, Nov. 21 (DID) – Exports of mining sector products from Iran increased slightly in the first seven months of the current Iranian calendar year (March 21 to October 22, 2024).
