Brent oil price rises above US$96
16 Articles
16 Articles
Oil continues to cherish Wednesday against the backdrop of new US attacks on Iran and retaliatory attacks by Tehran.
Brent crude surges past $96 as renewed US-Iran tension threaten supply from Strait of Hormuz
Oil prices surged over 2% amid renewed US-Iran military tensions, raising fears of supply disruptions through the Strait of Hormuz and increasing inflation concerns with possible Fed rate hikes.
Escalating military tensions and logistical restrictions around the Strait of Hormuz, a vital artery for global oil trade, directly threaten price stability in the commodity market. This poses a threat to supply security...
Brent crude climbed to $96 a barrel on Wednesday, rising for a third straight session, hitting its highest level in nearly six weeks, as escalating hostilities between the United States and Iran raised concerns about further disruptions to energy flows from the Middle East. The US military launched […] Oil prices on fire: Brent soars to $96
Brent crude oil prices climbed to $96 a barrel on Wednesday, rising for a third straight session, reaching their highest level in nearly six weeks, as…More...
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