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U.S. oil surpasses $100 and Brent hits $104
The price of U.S. crude oil has surpassed $100 per barrel, reaching its highest level in over three months, due to escalating tensions between the United States and Iran. There are concerns that the conflict could extend for a long period, possibly until 2029. Brent crude has risen to over $104, with a 16% increase since the beginning of September. Prices are expected to exceed $120 if the escalation continues, as military attacks have intensified and the situation in the Middle East has deteriorated, increasing the risk of disruptions to global oil supplies.
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