Afghanistan, June 12 -- Oil prices surged on June 11 as rising tensions in the Middle East sparked fears of potential U.S.-Iran military conflict.
Oil prices surged sharply on Wednesday after the U.S. Department of Defense authorized the departure of military dependents from the Middle East. Brent crude jumped 5%, reaching $70 per barrel, while West Texas Intermediate also hit its highest level since April.
The price climb came as U.S. defense officials expressed concern over potential regional escalation-particularly if nuclear negotiations with Iran collapse-and U.S. troops brace themselves with strategic contingency plans.
A U.S. defense official confirmed that Secretary Pete Hegseth ordered the voluntary withdrawal of non-essential p...