Oil prices edged higher—Brent crude up 1.1% to $74.05 per barrel—amid ongoing Iran-Israel tensions, marked by missile strikes and heightened air defense activity. Analysts expect “controlled escalation” with continued tit-for-tat actions but no full-scale war, resulting in a modest risk premium for oil rather than a major price spike. The situation highlights how regional conflicts can impact global commodities without causing broader market upheaval, emphasizing the need for close monitoring by investors and policymakers
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