Oil Prices Rise to Four-Year High Amid US-Iran War Concerns, Then Retreat
Global oil prices surged to a four-year high of over $126 a barrel due to fears of escalating US-Iran tensions and potential Middle East supply disruptions, but later retreated. The price increase raises concerns about inflation and higher fuel costs ahead of US midterm elections.
Topics: Brent crude global inflation oil prices U.S.-Iran conflict West Texas Intermediate