Brent exceeds $95 amid US-Iran tensions
Oil prices rose significantly following exchanges of strikes between the United States and Iran, exacerbating concerns over supply disruptions in the Gulf region, particularly through the Strait of Hormuz, one of the world's most vital oil trade routes. Brent crude traded at $95.40 per barrel, while West Texas Intermediate reached $90.66, driven by fears of halted oil flows—especially after recent attacks on oil tankers and Tehran’s threats to impose additional restrictions on navigation. The risks to supplies are increasing despite declining U.S. inventories, tied to escalating geopolitical tensions and ongoing military operations in the region.
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