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Commodities

US-Iran Tensions Weigh on Crude Oil Prices

Guavy AI Editorial Team
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Oil
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Crude oil prices declined on Wednesday as investors assessed the renewed military tensions between the United States and Iran, which could disrupt crude supplies from the Middle East.

The Brent crude futures fell by $0.59 or 0.62% to $95.04 a barrel, while US West Texas Intermediate (WTI) crude futures declined by $0.38 or 0.42% to $90.63 a barrel.

The latest exchange of fire marked the most substantial military confrontation between the US and Iran since July, with the conflict now in its seventh month.

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