Crude scales back gains after reaching $91 a barrel, as Tehran says diplomatic exchanges remain active despite escalating conflict; US gas prices cross $4 mark
Oil prices jumped on Monday, with Brent crude climbing above $90 per barrel after the tenth consecutive day of strikes in Iran fueled concerns that the war could further disrupt global energy supply. The disrupted June ceasefire has added to uncertainty over whether negotiations can end the conflict…
The end of the ceasefire in Iran has caused crude oil prices to soar toward $90 a barrel, signaling an imminent rise in U.S. gasoline costs. AAA warns that global supply constraints from conflicts in Iran and Ukraine, combined with record-low strategic petroleum reserves, are driving this trend.
Oil prices continued to climb in early Asian trade on Wednesday as the renewed hostilities between the United States and Iran showed no signs of slowing. At the time of writing, Brent crude was trading at $92.44, up 1.57% on the session, while West Texas Intermediate was changing hands at $85.
Brent North Sea crude, surpassed $95 (€83) per barrel for the first time in nearly six weeks. Pakistan has condemned Houthi threats against Saudi Arabia, warning they could further complicate the conflict. Follow DW.
The price of oil surged nearly 5% on Wednesday as U.S. officials talked down the chance of new peace talks after an 11th straight night of strikes on Iran and with major disruption now facing two of the world’s key supply routes.
(NBC,KYMA) - The price of oil jumped five-percent today after an eleventh straight night of U.S. strikes in Iran. The price of international Brent crude surpassed 95-dollars per barrel for the first time in nearly six weeks. U.S. crude hit 89-dollars per barrel.
