India, June 13 -- Brent Crude oil surged to a high of $78.45 per barrel today following Israel's strike on Iran, reflecting heightened geopolitical tensions. Just last month, crude oil had touched a low of $58.75 per barrel. Since then, in less than two months, it has climbed by approximately 33.53 percent, marking a sharp rebound in global oil prices.

Latest Updates & J.P. Morgan Target Rising U.S.-Iran tensions have led the U.S. to withdraw non-essential staff from parts of the Middle East, including embassies in Baghdad, Bahrain, and Kuwait. An explosion at Iran's Natanz nuclear facility followed Israeli airstrikes, prompting Iran to vow retaliation and close its airspace.

Israel has declared a state of emergency. These developments...