Branch2 Intelligence
Brent crude climbs past $75 a barrel after 'powerful' US strikes on Iran
Key takeaway
US strikes on Iran push Brent above $76/bbl (+2.8%), WTI above $72.
- Step 11st-order: US military strikes on Iran trigger geopolitical risk premium in crude oil markets.
- Step 22nd-order: Brent crude rises 2.8% to $76+, increasing UK diesel and heating oil costs for SMEs.
- Step 33rd-order: Transport, logistics, and manufacturing SMEs face higher input costs, compressing margins.
Source: CNBC TV18 (Markets)
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