Oil prices continued to rise on Tuesday as U.S. President Donald Trump intensified his rhetoric towards Iran, warning of more severe measures if the nation does not reopen the Strait of Hormuz, a crucial global oil transit chokepoint. Brent crude futures increased by 57 cents, representing a 0.5% rise, reaching $110.34 a barrel by 1202. Read More
Oil prices experienced an uptick on Monday, driven by persistent concerns regarding potential supply losses stemming from shipping disruptions in the crucial oil-producing region of the Middle East, attributed to the ongoing U.S.-Israeli conflict with Iran. Brent crude futures increased by $1.71, representing a 1.6% rise, reaching $110.74 per barrel as of 0057. U.S. West Read More
The primary US benchmark for oil experienced a surge exceeding 30 percent on Monday, driven by apprehensions that the ongoing conflict in the Middle East may lead to extended supply disruptions. At 0230, West Texas Intermediate was up 30.04 percent at $118.21 per barrel, before easing slightly, while Brent Crude was 27.54 percent higher at Read More
