Middle East attacksdrive up oil prices

Middle East attacksdrive up oil prices


As Israeli assaults pounded Lebanon into this week and Lebanese Hezbollah guerillas fired Katyusha rockets at the Jewish state, fears over war-like conditions sent oil prices skyrocketing and worried EU officials and spread concern at the G8 Summit meeting in St. Petersburg. Oil jumped to record highs above USD 78 a barrel on fears the conflict between Israel and Hezbollah guerrillas could escalate and spread to more Middle East countries.Iran’s nuclear fight with the West, worries over oil supp...


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