Lates News

The settlement price of Brent crude oil futures closed at $100 per barrel for the first time since August 2022, due to the historical disruption in the oil market caused by millions of barrels of oil still trapped in the Persian Gulf. Global benchmark oil prices surged more than 9% as multiple ship attacks in the Arabian Gulf led investors to believe that Iran's maritime sabotage actions could extend beyond the critical Strait of Hormuz. Earlier, Trump posted on Truth Social that Iran not having nuclear weapons is "far more important to me than a rise in oil prices," indicating that the conflict may continue.