Photonews Logo Photonews logo
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Azad Jammu Kashmir
    • Balochistan
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
    IShowSpeed Daniel La Belle race
    Videos

    IShowSpeed Beats Daniel La Belle in 40-Meter Race, Hits 41M Subscribers

    June 24, 2025 2 Min Read
    Cardi B new single Outside
    Videos

    Cardi B’s ‘Outside’ Single Sparks Buzz Over Offset and Stefon Diggs

    June 20, 2025 2 Min Read
    Squid Game Season 3
    Videos

    Squid Game Season 3: Final Trailer Unveils Epic Plot

    June 14, 2025 2 Min Read
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Reading: Israel-Hezbollah Conflict Escalates Crude Oil Prices
PhotoNews Pakistan PhotoNews Pakistan
Font ResizerAa
Search
  • Home
  • Pakistan
    • Punjab
    • Sindh
    • Khyber Pakhtunkhwa
    • Balochistan
    • Azad Jammu Kashmir
    • Gilgit – Baltistan
  • World
  • Business
  • Entertainment
  • Videos
  • Sports
  • Technology
  • Offbeat
  • Blog
  • Contact
Have an existing account? Sign In
Follow US
© 2022 Photonews. All Rights Reserved.
Crude Oil Prices Rise
PhotoNews Pakistan > Business > Israel-Hezbollah Conflict Escalates Crude Oil Prices
Business

Israel-Hezbollah Conflict Escalates Crude Oil Prices

Web Desk
By Web Desk Published September 24, 2024 1 Min Read
Share
Photo: NDTV
SHARE

Recent clashes between Israel and Hezbollah have led to a rise in crude oil prices in global markets.

Recent skirmishes between Israel and Hezbollah have escalated tensions in the Middle East, causing a spike in global crude oil prices. Following Israel’s attacks on over 500 Hamas strongholds in southern Lebanon, which resulted in approximately 280 deaths and over a thousand injuries, oil markets have reacted with heightened concerns about supply stability.

Hezbollah’s response, involving the firing of a long-range missile into Israel, has further exacerbated the situation, leading to internal displacement within various Israeli regions.

This conflict has compounded existing disruptions in the oil supply, which were previously affected by adverse weather conditions in the Gulf of Mexico. As a result, Brent oil prices have surged to $75 per barrel after a 51-cent increase.

Overall, crude oil prices have risen 4%. Market experts caution that further deterioration of the situation in the Middle East could propel oil prices even higher, reflecting the sensitive interplay between geopolitical stability and global energy markets.

TAGGED:Featured
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

Pakistan Remittance Incentives

Pakistan Banks Defend Remittance Incentives Amid Misleading Claims

Karachi PECHS robbery 2025

TikTokers Arrested for Rs130M Robbery in Karachi’s PECHS Area

Zlatan Ibrahimovic defends Messi after nter Miami’s 4-0 Club World Cup Loss

Zlatan Ibrahimovic Defends Messi After Inter Miami’s 4-0 Club World Cup Loss

PSG Inter Miami Club World Cup

PSG Crushes Inter Miami 4-0 in Club World Cup, Advances to Quarter-Finals

Japan's Princess Kako Econony flight

Japan’s Princess Kako’s Humble Economy Flight to Brazil Wins Hearts

Post Archives

More Popular from Photonews

Trump Netanyahu Corruption
Top NewsWorld

Trump Opposes Netanyahu’s Corruption Prosecution, Citing U.S. Support for Israel

4 Min Read
Fermi America Hypergrid
Tech

Fermi America Plans Massive Nuclear, Gas, Solar Hypergrid in Texas

4 Min Read
Swat River flood 2025
Khyber Pakhtunkhwa

Swat River Flash Flood Sweeps Away 18 Sialkot Tourists, Rescue Efforts Intensify

2 Min Read
Sports

Ben Duckett’s Century Powers England to Historic Test Win Over India

On June 24, 2025, Ben Duckett’s brilliant century guided England to a sensational five-wicket victory against…

June 25, 2025
Top NewsWorld

Trump Denies Iran Moved Enriched Uranium Before U.S. Strikes, Claims Success

President Donald Trump dismissed reports suggesting Iran relocated 400 kilograms of enriched uranium before U.S. airstrikes…

June 26, 2025
Tech

Google’s Gemini AI May Soon Access WhatsApp, Phone Apps on Android

On June 24, 2025, Google reportedly emailed select Android users, announcing that its Gemini AI assistant…

June 26, 2025
Pakistan

Pakistan Hit by Third Earthquake in 24 Hours: Magnitude 3.8 Reported

Pakistan experienced its third earthquake in 24 hours on June 29, 2025, with a 3.8-magnitude quake…

June 29, 2025
PhotoNews Pakistan

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Categories

  • World
  • Pakistan
  • Punjab
  • Sindh
  • Khyber Pakhtunkhwa
  • Balochistan
  • Azad Jammu Kashmir

 

  • Top News
  • Business
  • Entertainment
  • Sports
  • Videos
  • Tech
  • Offbeat
  • Blog

© 2024 Phototnews
All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?