Economy

Oil prices spike over US-Israeli strikes on Iran

Oil prices briefly surged to an eight-month high as US-Israel attacks on Iran plunged the Middle East into renewed conflict

India to Ensure Energy Supplies Amid Middle East Turmoil

New Delhi has vowed to address possible shortage of petroleum products

Strait of Hormuz closure to cause major upheaval in fertilizer market

The head of the Russian Direct Investment Fund stressed that possible disruptions to shipping in the strait’s waters could have significant consequences for commodity markets and put pressure on the global agricultural sector

Gas in Europe at $700, growth of Russian stocks: impact of blocking Strait of Hormuz

The gas price growth since the beginning of the day has exceeded 30%

FACTBOX: What is known about oil, gas prices amid Middle East tensions

Russia’s leading indices rose as the main trading session started

Brent price may gain $20 a barrel as early as on March 2

This scenario is possible if no de-escalation around Iran is noted on Sunday, Rystad Energy says