Oil prices rise 1% on fears of escalating Middle East conflict
Friday, 27 October 2023 Oil prices rose by around 1% on Friday as investors reacted to fears of escalating conflict in the Middle East, following reports that the US military had struck Iranian targets in Syria. This raised concerns about potential disruptions to oil supplies. While the developments have not yet directly impacted oil supplies, there are fears that exports from major crude producer Iran could be disrupted. Analysts suggest that lower Iranian exports could cause baseline prices to rise by 5%, and there is a possibility of a 20% jump if trade through the Strait of Hormuz is interrupted.
FBI Director Urges Vigilance , While Warning of Increased , Risk of Terrorism.
On October 31, FBI Director Christopher Wray
warned of an increased threat against the
United States amid Israel's war..
Credit: Wibbitz Top Stories Duration: 01:30Published
US officials have intelligence that Iranian-backed militia groups are planning increased attacks against US forces in the Middle East. This comes as Iran looks to take advantage of the regional..
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Friday, 27 October 2023
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![344 Middle East Conflict [Video]](https://video.newsserve.net/300/v/20231027/1698434377-344-Middle-East-Conflict.jpg)
![Iranian-Backed Militia Plotting More Attacks on US Forces in the Middle East [Video]](https://video.newsserve.net/300/v/20231024/1698118211-Iranian-Backed-Militia-Plotting-More-Attacks-on-US.jpg)
