Commodities
US-Iran Tensions Drive Oil Prices Higher
Oil prices continued their upward trend as tensions between the US and Iran escalated, threatening to disrupt global oil supplies.
The price of Brent crude futures rose by 52 cents, or 0.54%, to $96.80 a barrel at 2354 GMT, while US West Texas Intermediate crude was at $92.14 a barrel, up 66 cents, or 0.72%.
The recent attacks and counterattacks between the two countries have caused concerns about a prolonged supply disruption from the Middle East, where a significant portion of the world's oil is produced.