Oil reaches July highs as gold drops
Oil prices rose today following Iran's announcement of a shift from defensive to offensive actions, and the decreased likelihood of reaching a deal to end the war in the Middle East, which heightened concerns over energy supplies. Brent crude futures reached $91.14 per barrel, and West Texas Intermediate $85.04, their highest levels since July, amid Iranian escalation and the suspension of ceasefire talks. Tensions around the Strait of Hormuz are intensifying, along with fears of prolonging the conflict in the region.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)