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Commodities

US-Iran Conflict Drives Crude Prices to 5-Month High

Guavy AI Editorial Team
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Oil
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Global crude oil prices surged by 8.4% during the week of September 6-11, with Brent breaching the $100 per barrel mark for the first time since mid-May.

The rise was triggered by escalating military hostilities between the US and Iran, which led to supply disruption fears across the Middle East.

Brent crude peaked at approximately $108 per barrel on Thursday, September 10, while WTI rose above $104 per barrel for the first time in months.

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