Global oil prices have surged, with Brent crude reaching a five-month high amid escalating tensions in the Middle East. Brent crude futures increased by 0.7% to $113.96 per barrel, touching $114.72 at one point, the highest since May 4. Meanwhile, U.S. West Texas Intermediate...
Global oil prices have surged by more than $2 per barrel, driven by escalating tensions between Iran and the United States that have dampened hopes for diplomatic progress. The heightened geopolitical uncertainty, coupled with declining U.S. oil inventories, has fueled concerns over potential supply...