Middle East Conflict Drives Oil Prices to Six-Week Highs

Oil prices have surged to six-week highs due to escalating tensions in the Middle East.

The conflict has led to increased concerns about supply disruptions, with Brent crude rising by $1.45 to $97.75 a barrel and West Texas Intermediate (WTI) increasing by $2.11 to $96.59.

The price hikes come as the situation in the region continues to deteriorate, with reports of violence and instability affecting major oil-producing countries.