Jammu, June 14 -- Risk premium already edges up to $8 taking oil price to mid-70S
By K Raveendran
Israel's strike against Iran has reignited a familiar tension in global energy markets, sending oil prices climbing into the mid-$70 per barrel range. The impact is not just visible in the numbers, but in the broader nervousness sweeping across energy trading floors and geopolitical circles alike. At the heart of this movement lies the so-called "geopolitical risk premium"-the extra cost per barrel that markets price in when a key oil-producing region teeters on the brink of conflict. That premium has now risen to about $8 a barrel, a level surpassing even the acute flashpoints of April and October 2024, when Israel and Iran directly exchange...