Global oil prices have risen sharply as tensions between United States and Iran continue to escalate, raising concerns over potential disruptions in international energy supply chains. Market analysts say the situation has created uncertainty among traders, pushing crude benchmarks upward across global exchanges. Furthermore, reports indicate that the recent seizure of commercial vessels in sensitive […]
Brent crude prices
Oil prices ease as Iraq-Kurd deal eases Middle East supply concerns
Oil prices softened on Wednesday after Iraq and Kurdish authorities reached an agreement to resume crude exports via Turkey’s Ceyhan port, providing some relief amid persistent Middle East supply disruptions. Brent futures remained above $100 per barrel, reflecting ongoing geopolitical tensions and uncertainty in global energy markets. Brent crude fell 67 cents, or 0.65%, to […]
Brent gains weekly as Iran-US tensions lift prices
Brent crude oil prices closed higher on Friday after late-session buying driven by geopolitical concerns, ending the week with strong gains. Traders reacted to renewed uncertainty surrounding potential US military action and tensions with Iran. As a result, short-covering pushed prices upward near the close of trading. The market also recorded a weekly increase of […]