{"id":641946,"date":"2024-04-20T12:07:01","date_gmt":"2024-04-20T06:37:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=641946"},"modified":"2024-04-20T12:07:01","modified_gmt":"2024-04-20T06:37:01","slug":"oil-prices-surge-3-after-reported-israeli-strikes-on-iran-whats-happening","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-prices-surge-3-after-reported-israeli-strikes-on-iran-whats-happening\/","title":{"rendered":"Oil prices surge 3% after reported Israeli strikes on Iran: What&#8217;s happening?"},"content":{"rendered":"<p>Oil prices rose $3 a barrel following reports that Israeli missiles had struck a site in Iran. The reports sparked concerns over disruption of oil supply owing to which benchmark contracts surged more than $3 to later eases slightly. Brent futures were up $2.63, or 3%, to $89.74 a barrel and US West Texas Intermediate contract climbed $2.56, or 3.1%, to $84.66 per barrel.<\/p>\n<p>Warren Patterson, head of commodities strategy at ING, said in a note, as per news agency Reuters, \u201cIf these reports turn out to be true, fears over further escalation will only grow, as well as concerns that we are potentially moving closer towards a situation where oil supply risks lead to actual supply disruptions.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices rose $3 a barrel following reports that Israeli missiles had struck a site in Iran. The reports sparked concerns over disruption of oil supply owing to which benchmark contracts surged more than $3 to later eases slightly. Brent futures were up $2.63, or 3%, to $89.74 a barrel and US West Texas Intermediate contract climbed $2.56, or 3.1%, to $84.66 per barrel. Warren Patterson, head of commodities strategy at ING, said in a note, as per news agency Reuters, \u201cIf these reports turn out to be true, fears over further escalation will only grow, as well as concerns [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-641946","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=641946"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/641946\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=641946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=641946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=641946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}