Oil surpasses $90 amid Middle East tensions
Oil prices rose significantly due to escalating tensions in the Middle East, following recent American strikes on Iran, which responded with attacks on U.S. sites in Kuwait, Jordan, and Bahrain using drones and missiles. Brent crude for November increased by 0.81%, reaching $95.42 per barrel, while U.S. West Texas Intermediate for October rose by 0.45% to $90.63, reflecting market pressure caused by fears of oil supply disruptions. Statements from the U.S. President confirmed that the United States is not seeking to force Iran into negotiations. Despite ongoing tensions and the Iranian economy's decline, it is expected that oil prices will remain high and volatile as the war and Iranian sanctions continue.
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