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The Economic Times
The Economic Times
Business
Veer Sharma

Oil Price Today (June 8): Crude oil flares up 5% as Israel attacks Iran, Lebanon in latest escalation. What's next?

Oil Israel Lebanon Strait of Hormuz United States Hezbollah Hormuz Iran Saudi Aramco

Oil prices jumped more than $4 a barrel on Monday after Israel carried out fresh strikes on Iran and Lebanon on Monday, despite an existing ceasefire. The renewed escalation dashed hopes for an end to the broader regional conflict and raised concerns about the resumption of crude shipments through the Strait of Hormuz.

Crude oil price on June 8

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