Dubai Crude Price Hits Fresh Three-Month High Amid Iran Sanctions Uncertainty

Global crude oil prices remained firm on Monday, with the benchmark Dubai price consolidating at a fresh three-month high. The market's focus was on potential further Iranian sanctions, which weighed on crack spreads across the clean part of the barrel.

The uncertainty surrounding the Iran situation is keeping markets on edge, and the impact on oil prices remains to be seen. However, for now, crude oil prices are holding their gains, with no significant changes reported in the market.