Brent crude holds near $100 as U.S.-Iran tensions raise supply concerns
Oil prices extended gains Wednesday amid escalating U.S.-Iran hostilities and worries over Middle East energy disruptions.
Brent crude oil hovered around $100 per barrel as tensions between the United States and Iran intensified, with tit-for-tat strikes stoking concerns about potential disruptions to oil supplies in the region.
The price gains reflect market anxiety over the geopolitical standoff and its potential impact on energy flows through critical Middle East passages.
Sources
- Brent crude hovers around $100 as U.S.-Iran tit-for-tat strikes stoke oil supply worries — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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