Iran-US Conflict Sends Oil Prices Soaring to $96.72 per Barrel
The ongoing conflict between the US and Iran has sent oil prices soaring to $96.72 per barrel, a 1.1% increase in Brent crude.
The intensification of fighting comes after Iran fired at Kuwait on September 3 in retaliation for US bombardments earlier in the week.
The six-month-long US war with Iran has led to an 11% surge in US crude prices this week, with Brent crude rising to its current level.