5 Hrs
Source:
USA TODAY
Brent crude surpasses $100 amid Middle East tension
Brent crude oil prices exceeded $100 a barrel for the first time since July 24 amid escalating conflicts in the Middle East, including attacks on Saudi energy facilities and threats to oil shipments through the Red Sea. The surge reflects concerns over disruptions to oil flows from the region due to ongoing tensions between the U.S. and Iran. Experts warn that increased geopolitical risks are likely to sustain higher energy prices and a security premium in the market.
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