Brent crude surpasses 97 amid Gulf tensions
Oil prices surged significantly today, with Brent crude surpassing the $97 mark for the first time since July 24, due to escalations in the Gulf region. The futures price of Brent crude reached $97.317, while West Texas Intermediate (WTI) rose to $90.38, both increasing by over 3%. This comes amid rising tensions between the United States and Iran, as the Iranian Revolutionary Guard launched attacks on a oil tanker and American bases in the region, despite Tehran's denial of the American narrative regarding the launch of missile and sea mine attacks.
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