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

09:25, 13 June

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

Read more news on this topic:

17 June

Oil Tanker Rates Surge Amidst Middle East Tensions

04 October

Gold Prices Surge Amid Middle East Tensions and U.S. Economic Indicators

03 October

Investors Anticipate Rising Oil Prices Amid Escalating Tensions Between Israel and Iran

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