Brent Crude Surges Above $95 Amid Middle East Tensions
Brent crude oil prices have soared above $95 per barrel, with WTI also rising above $85, as escalating tensions in the Middle East threaten global oil supplies. The conflict is causing significant volatility in the energy markets.
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Brent crude tops $92, WTI above $85 as Hormuz tensions threaten global supplies
Crude oil prices extended their rally as Middle East tensions escalated. Brent crude held above ninety dollars a barrel amid supply disruption fears. Houthi threats affected shipping activity in the Red Sea region. Military actions continued overnight impacting energy shipping routes. Global food insecurity risks also increased due to these disruptions.
By TOI BUSINESS DESK
Read full article →Brent crude soars above $95 as Middle East war rages
World oil prices soared Wednesday, with main contract Brent North Sea crude surpassing $95 for the first time in nearly six weeks, as the United States and Iran carried out more strikes. The post Brent crude soars above $95 as Middle East war rages appeared first on Vanguard News.
By Henry Oduah
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