US President Donald Trump hinted at fresh strikes on Iran during a rally on Friday. (AI-Generated Photo)
\n\nOil prices have climbed to $117 a barrel for the first time since April, amid growing fears that the US-Israeli war against Iran could escalate further and trigger another wave of inflation.
\n\n"We may do another little Epic Fury," Trump told a rally in Florida on Friday, referring to the US military's name for its war against Iran. His remarks came after Tom Barrack, the US ambassador to Turkey and Washington's point man on Syria, said a strike against Iran this weekend was possible. "Could there be a strike this weekend? Absolutely," Barrack said during an interview while visiting the Gulf.
\n\nBrent crude, the international benchmark, rose by as much as 3.8% to $117.45 a barrel during trading in New York on Friday, before settling at $116.72. Prices have risen by more than 10% this month.
\n\nAnalysts said the rally reflected concerns that the US and Israel could intensify attacks on Iran after the US midterm elections in November, alongside dwindling global oil inventories and mounting threats to shipping routes.
\n\nIran has stepped up attacks on tankers travelling through the Strait of Hormuz…
Original source: https://www.timesnownews.com/delhi
