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Commodities

Brent Crude Tops $91 Amid Escalating Middle East Tensions

Guavy AI Editorial Team
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Brent crude oil prices surged on Monday, rising more than 3% to above $91 a barrel. The increase comes as tensions in the Middle East escalate following US and Iranian strikes. The Strait of Hormuz has become a focal point for concerns over shipping disruptions.

The US targeted Iranian rocket launchers that were reportedly preparing to deploy mines in the waterway, while Iran claimed attacks on US bases in Jordan. A supertanker attempting to cross Hormuz's southern route allegedly struck two mines, although this incident remains unconfirmed by independent sources.

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