Oil Prices Surge, Economic Jitters Grow

Brent crude prices jumped over 10%, reaching nearly $74 a barrel—the sharpest one-day swing since April 2023—due to Middle East supply threat.

Market ripple effects: airline stocks plunged, defense sectors and gold rose, and analysts warned of potential ‘stagflationary shock’.

Author: Global Ripple

Posted on: June 14, 2025