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Commodities

US-Iran Tensions Send Oil Prices Soaring Above $107

Guavy AI Editorial Team
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Oil
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Oil prices rose sharply again on world markets after hopes of a quick ceasefire between the United States and Iran faded.

The price of Brent oil crossed the $107 mark, with a rise of over three percent to $107.75 per barrel, while American WTI reached $94.55.

This surge in crude oil prices comes at a time when fuel prices in Bosnia and Herzegovina are already higher than a few weeks ago, with diesel averaging 3.79 KM per liter and Super 95 gasoline averaging 3.34 KM.

The further trend will depend on the movement of crude oil prices, exchange rates, transport costs, and regional market factors.

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