02 Mar 2026 | 5 Mins Read
US, Israel attack on Iran lifts oil prices by 12%
Flipitmoney
Crude prices surged 7.37% to $78.24 per barrel, with Brent climbing to a 7-month high, after Iran and Israel intensified attacks in the Middle East, damaging tankers and disrupting oil shipments. Oil companies like ONGC and Oil India are expected to see renewed buying, as higher prices increase revenue per barrel and potentially lift profit margins.