Offsetting two sessions of losses, crude oil prices have surged on Wednesday as several reports suggest possible U.S. attacks on Iran by next week, which could attract intense Iranian retaliation. The war-threat fueled supply disruption concerns for an indefinite period.
WTI Crude Oil for December delivery was last seen trading up by $3.12 (or 3.12%) at $103.02 per barrel.
A report by Wall Street Journal today stated that the U.S. has asked the gulf nations to be prepared for a short but intense military campaign against Iran jointly with Israel after the U.S. midterm elections are over by the first week of November.
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Market Analysis
Crude Oil Soars Amid Reports Of Possible Large Scale U.S. Attacks On Iran
2026-10-28 18:37:50
