Oil Prices Climb Above $108 as Iran Criticizes U.S. Peace Proposal

Global crude oil prices continued their upward trajectory, closing at approximately $108 per barrel as tensions in the Middle East intensified. Iranian authorities sustained their criticism of a 15-point peace initiative introduced by Donald Trump, describing the proposal as biased and structured primarily to benefit the United States and Israel. The surge in oil prices—rising […]

Israel Iran War Escalation Triggers Global Energy Crisis and Oil Supply Fears

Israel carried out another series of airstrikes on Tehran on Monday, while Iran warned it could respond by targeting critical facilities across the Middle East. The ongoing confrontation has pushed the global economy toward one of the most serious energy supply crises seen in decades. Loud explosions were reported across Tehran, according to Iranian state […]