Oil prices rose 3% on Wednesday as Iran suspended cooperation with the U.N. nuclear watchdog and the U.S. and Vietnam reached a trade deal, but a surprise build in U.S. crude supplies limited price gains somewhat.

Oil traders view the escalating conflict between Israel and Iran as the most significant geopolitical event since Russia’s full-scale invasion of Ukraine in 2022. In recent days, energy facilities in both countries have been targeted,

The post Oil executives warn of rising prices amid Israel-Iran conflict appeared first on Considerable. Israel and Iran have been exchanging strikes in recent days, targeting energy facilities in both countries. And now there is a cease-fire — as long as that lasts.