Commodities
Middle East Tensions Keep Brent Crude Above $100 Mark
Ongoing geopolitical tensions in the Middle East and supply disruptions have continued to support oil prices. Brent crude has held above the $100-per-barrel mark, while US West Texas Intermediate futures rose by 0.5% to $91.71 per barrel. This price stability is linked to concerns over supply risks in the region.
On Thursday, US President Donald Trump threatened strong military action against Iran and the Houthi movement in Yemen after they attacked tankers in the Red Sea. This escalation has opened a new front in the conflict, fueling fears of further instability in the region.