Oil prices top $116 per barrel as Iran prepares for US ground invasion

NEWS SUMMARY

Oil prices surpassed $116 per barrel on Monday morning due to the ongoing conflict in the Middle East, which is disrupting trade routes. This surge coincides with Iranian officials stating the country is preparing for a potential US ground invasion aimed at seizing Kharg Island and controlling oil supplies.

This page aggregates and summarizes reporting from Middle East Eye. The Conflict Pulse does not author original reporting. Read the original source for full coverage.

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CONFLICT OVERVIEW

Israel–Palestine

The Israeli-Palestinian conflict is an ongoing military and political conflict in the Levant, with recent major escalations beginning in October 2023.