Brent Oil Prices Top $100
Oil prices surged significantly today, Thursday, with the price of a barrel of Brent crude surpassing $100 for the first time since early May, driven by concerns over potential disruptions in supply due to escalating tensions between Iran and the United States. Brent futures rose by 6.3% to reach $100.02 per barrel, while West Texas Intermediate futures increased by 4.62% to $90.81. This rise follows an escalation in military operations, as U.S. forces carried out strikes against Iranian targets, and the Houthis attacked two Saudi oil tankers in the Red Sea, raising fears of a repeat of disruptions in the global oil market.
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