23 Hrs
Source:
المشهد العربي
Oil prices climb over Iran threats
Oil prices rose during Monday's trading session, driven by escalating tensions between Iran and the United States. Iran is warning of targeting energy facilities in the region in response to American military strikes. This has led to a decrease in regional oil flows and a rise in Brent crude futures prices, which increased by $1.03 to reach $97.31 per barrel, a 1.10% gain. This comes amid military escalation between the two sides and Iranian assertions of a direct response to attacks on its assets, while the OPEC+ coalition indicated that there will be no change to oil production policies in October.
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