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Benzinga
Benzinga
Business
Rishabh Mishra

Oil Rallies 4% as Mohamed El-Erian Warns of 'Significant Intensification' in US-Iran War

Oil Iran United States CENTCOM Mohamed ElErian Mohamed A ElErian crude oil the Middle East US Central Command
Oil,Trend,Up.,Crude,Oil,Price,Stock,Exchange,Trading,Up.

Global crude oil prices jumped roughly 4% early Monday following a wave of fresh U.S. military strikes against Iran. The sudden commodity rally reflects a warning from top economist Mohamed El-Erian that the “significant intensification” of hostilities in the Middle East will severely test the market’s prevailing assumption that the conflict will remain contained.

Crude Prices and ETFs Surge

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