S-Oil Shares Surge Following Middle East Tensions and Oil Price Rally

Edited by: gaya ❤️ one

SEOUL, June 13 - Shares of S-Oil, the South Korean refiner majority owned by Saudi Aramco, experienced a significant surge on Friday.

The increase, exceeding 10%, was triggered by Israel's reported strike on Iran, escalating tensions in the Middle East.

This event subsequently sparked a rally in oil prices, impacting the market.

Sources

  • Reuters

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