Crude Prices Soar on US-Iran Tensions

Crude oil futures ended the week at fresh four-week highs as tensions between the US and Iran continued to impact markets.

The increase in crude prices is a result of the ongoing standoff between the two countries, which has created uncertainty for investors and led to higher demand for safe-haven assets such as oil.

Despite the recent price gains, it remains to be seen whether this trend will continue, as analysts have pointed out that widespread outages in refineries could prevent producers from increasing global refinery runs.