Oil Prices Rise Amid Growing Fears of a War in the Middle East

Crude oil prices continued their climb today after a surge yesterday following the news of Israel assassinating Hamas’s political leader Ismail Haniyeh in Iran and a senior Hezbollah official in Lebanon. The fact the Haniyeh assassination was done in Iran gave a significant boost to prices as Tehran immediately threatened retaliation of the sort that oil analysts have said could send Brent crude into three-digit territory. "We fear the region is at the brink of all-out war," Japan’s deputy representative to the United Nations said as…