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Commodities

Middle East Tensions Send Oil Prices Soaring Past $100

Guavy AI Editorial Team
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Oil
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Oil prices surged to their highest level since May as tensions in the Middle East escalated. Brent oil reached $100 US per barrel after attacks by Iran, the Houthis, and the U.S. threatened to disrupt global crude supplies.

The price increase marks a significant jump from recent levels, with Brent oil last trading at around $95 US per barrel. The rise in prices is attributed to the ongoing conflict in the Middle East, which has intensified in recent days.

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