US-Israeli Attacks on Iran Push Brent Crude to $83 per Barrel

Attacks conducted by the United States and Israel against Iran drove Brent crude to $83 per barrel Tuesday morning. Meanwhile, following the halt in production at Qatar on Monday, daily shipping rates for liquefied natural gas (LNG) tankers surged more than 40%. These market movements have reignited fears of a global energy crisis comparable to the oil shocks of past decades.