Brent crude rises after Trump says he wants to ‘take the oil’ in Iran and Yemeni Houthis launch second attack on Israel – business live
Brent crude on track for record monthly increase; aluminium prices hit four-year highs after Iranian attacks on Middle East smeltersBrent crude hits $116 a barrel after Trump says he wants to ‘take the oil in Iran’Aluminium prices have surged to four-year highs after Iranian airstrikes on two major Middle East producers over the weekend raised fears of a supply shock.Benchmark aluminium on the London Metal Exchange rose nearly 5% to $3,453 a tonne, and touched $3,492 earlier today. This compares with an all-time high of $4,073.50 a tonne in March 2022, after the invasion of Ukraine by Russia, a top producer of the metal.Iran’s strikes on Middle Eastern aluminium plants are threatening to send a fragile market into crisis, raising the prospect of record prices.The conflict’s impact is being
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