Oil prices surged to their highest levels since May amid ongoing conflict in Iran, with international benchmark Brent crude reaching $116 per barrel and U.S. benchmark West Texas Intermediate near $102. The prolonged war has tightened global supply concerns, driving up costs for crude oil. Analysts warn that the prolonged instability could further strain energy markets already under pressure. Market watchers will be closely monitoring whether the conflict’s escalation continues to push prices even higher.
Oil prices on Friday hit their highest point since May as the war in Iran drags on. As of Friday morning, futures for international benchmark Brent crude were trading at $116 per barrel, while U.S benchmark West Texas Intermediate traded at about $102. The high prices come as the war in Iran nears the eight-month...
