Oil Hits 2-Week High Following Drone Strike on UAE Nuclear Site

Oil prices reached a two-week high following a drone attack on a nuclear power plant in the UAE, raising concerns over regional stability and potential supply disruptions. The incident has heightened geopolitical risk, influencing market sentiment and driving up prices through increased risk premium. Crude oil markets are particularly exposed, as any escalation in conflict could threaten supply routes and production levels in the Middle East. Traders will be closely watching for further developments regarding the security situation in the region and any official responses from the UAE government or international community.

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