Crude Prices Soar Over 4% as Geopolitical Storm Brews in Middle East, Fueling Global Supply Fears
No Comments on Crude Prices Soar Over 4% as Geopolitical Storm Brews in Middle East, Fueling Global Supply Fears
July 29, 2026
Global crude oil prices experienced a significant jump, rising over 4% as heightened geopolitical tensions in the Middle East converged with a notable draw in U.S. inventories, stoking fears about the stability of global supply.