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Brent Crude Prices Soar Above $100 Amid Iran Conflict Uncertainty

Guavy AI Editorial Team
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Oil
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Brent crude oil prices rose above $100 per barrel on Thursday due to concerns over prolonged conflict and potential disruptions to oil supplies.

The price of Brent crude futures for December delivery traded at $100.49 a barrel at 12:59 p.m. local time, up 2.5% from the previous close.

US-Iran talks stalled after US Secretary of State Marco Rubio asked an Iranian delegation to leave the country, reviving supply concerns and supporting oil prices.

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