Oil Prices Rise Again Following Renewed Military Escalation in the Middle East

Oil prices rose again amid escalating military tensions in the Middle East, with Brent crude increasing by 1 percent to reach $78.8 per barrel, and West Texas Intermediate (WTI) climbing by 1.01 percent to $74.26. The two benchmarks' futures contracts gained over a dollar in after-hours trading, after hitting their highest levels in more than two weeks.