Oil prices climb as Middle East exports assessed

The article discusses the rise in oil prices today, with Brent increasing by 27 cents to reach $100.59 per barrel, and West Texas Intermediate rising by 30 cents to $89.73. This comes amid ongoing security concerns in the Middle East, despite oil flows exceeding 81% of pre-war levels, thanks to increased Saudi exports and Iranian exports dropping to zero due to US sanctions. Additionally, the G7's agreement to withdraw 100 million barrels from emergency reserves helps to ease supply fears, although logistical challenges and security risks related to the Strait of Hormuz persist.