Brent crude climbed above $100 a barrel on Wednesday as renewed US-Iran hostilities raised concerns over global oil supplies. Prices have fluctuated sharply since the conflict began in February, with Brent previously reaching $126.41. WTI also surged before retreating following hopes of de-escalation and strategic reserve releases. Renewed strikes have now pushed prices higher again, reigniting supply concerns.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Iran, Syria presidents call for Islamic state unity in support of Palestinians

The presidents of Iran and Syria urged Islamic countries to hold a…

Any future settlement with Iran must address missile programme: UAE official

While the US-Israeli war on Iran and the ensuing Iranian attacks on…

New Zealand bans cigarettes for minors

It emerged on Thursday that New Zealand planned to ban young people…

Taliban to set new rules on women’s aid work: UN

Taliban ministers have told a senior UN official they plan to draw…