Oil climbs amid Iran’s resistance
Oil prices surged after statements from Iran and Washington, which complicated the prospects of reaching a solution to the global energy crisis. Brent crude futures rose by more than 4% to surpass $107 per barrel, after having fallen below $100 in previous days, while West Texas Intermediate crude futures increased to around $96. This was driven by Iranian President Massoud Beshkeian's confirmation of Tehran's refusal to yield to American pressures and its continued commitment to its nuclear program, leading to heightened tensions and higher oil prices.
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