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Brent Crude Surpasses $97 on Tensions
Crude oil prices rose significantly, with Brent approaching $97 per barrel for the first time since July 24, due to escalating tensions in the Gulf following retaliatory attacks between Iran and the United States. Brent's price increased by 3.26% to reach $97.317, while West Texas Intermediate (WTI) rose by 3.64% to $90.38. This rise comes after American strikes targeting Iranian sites, including an attack on a oil tanker and drone and sea mine attacks across the Strait of Hormuz, amid escalating regional tensions and military conflicts.
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