Oil Prices Rise to Four-Week High Amid Renewed US-Iran Tensions
Oil prices climbed to a four-week high as renewed tensions between the United States and Iran raised concerns over supply security through the Strait of Hormuz. Brent crude futures rose by $2.74 (3.29%) to $86.04 per barrel, while WTI increased by $2.21 (2.83%) to $80.35.
Topics: Brent crude geopolitical_risk oil Strait of Hormuz WTI