Oil Prices Rise, with Brent Hitting $90 for the First Time Since October

INSUBCONTINENT EXCLUSIVE:
In a significant move, Brent oil soared to $90 for the first time since October, reversing a minor earlier drop as the session closed.The
surge linked directly to increasing global tensions and the cautious stance of Federal Reserve leaders on interest rate
reductions.Furthermore, President Joe Biden called for a swift ceasefire in Gaza, highlighting the need for measures to shield civilians and
aid workers.This demand came amidst escalating conflicts and was a condition for continued U.S
undercurrents.Oil Prices Rise, with Brent Hitting $90 for the First Time Since October
(Photo Internet reproduction)In Israel, the day started with disrupted GPS signals, a measure by the military anticipating retaliation from
Iran or its allies.This was in response to a supposed Israeli airstrike on an Iranian building in Syria.Following the tragic loss of seven
Israel had to apologize for mistakenly attacking an aid convoy, thinking it was a threat.Oil Prices Rise, with Brent Hitting $90 for the
Kashkari from the Minneapolis Fed suggested two rate cuts might be on the horizon, differing from the broader expectation of three.This
suggestion hinged on the current inflation rate, questioning the timing of these cuts.In summary, oil prices witnessed a significant rise
amidst global unrest and cautious economic policies.This event reflects the interconnectedness of geopolitical developments, economic
decisions, and market reactions.