Oil prices little changed after Iran fires missiles at Kuwait
Summary
Brent crude rose above $96 a barrel after Iran fired missiles at Kuwait, with oil prices gaining more than 7% this week. The move follows the first exchange of military strikes between the United States and Iran since July.
The decisive shift is the widening of direct military confrontation around a major Gulf energy
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Escalation involving Iran and Gulf infrastructure could rapidly turn a regional conflict into a global energy shock.