Iran Tensions Push Oil Prices Above $92 per Barrel

Oil prices have risen for a fifth consecutive session due to increased tensions between the US and Iran. The global benchmark, Brent crude, has climbed above $92 a barrel, with a gain of over 5% in the previous four trading sessions.

US President Donald Trump has announced fresh measures aimed at intensifying economic pressure on Iran and restricting its access to global financial and commercial networks.

The measures could have wider implications for the global oil market, particularly if they disrupt Iran's crude exports. China remains Iran's biggest oil market, making Beijing a key focus as Washington increases pressure on Tehran.