Oil Prices Slip as Investors Eye Israel’s Response to Iran Strike

Oil Prices Slip as Investors Eye Israel’s Response to Iran Strike

Oil prices have experienced a slight decrease for the third day in a row, after reaching a six-month record. Investors have seemingly shrugged off fears of a wider Middle East war disrupting supplies. Brent crude, the international benchmark, fell by 3.03% to $87.29 per barrel for June. Meanwhile, West Texas Intermediate, the U.S. marker, dropped … Read more

‘Now is the time for maximum restraint,’ says UN Secretary-General Guterres

‘Now is the time for maximum restraint,’ says UN Secretary-General Guterres

United Nations Secretary-General António Guterres said Israel and Iran should attempt to de-escalate violence after dueling missile strikes in recent days. Iran fired about 350 rockets towards Israel on Saturday evening, raising concerns over a regional war after Israel attacked Iranian military leaders in Syria last week. “Now is the time for maximum restraint,” Guterres … Read more