Oil prices climb past $91 as US-Iran conflict intensifies

On Monday, Brent crude surged to over $91 a barrel following a new round of military exchanges between the US and Iran. Simultaneously, West Texas Intermediate crude saw a nearly 4% increase, reaching approximately $86 per barrel. The escalation occurred after US forces hit two Iranian missile launchers near the Strait of Hormuz on Larak Island, prompting the Islamic Revolutionary Guard Corps to retaliate against American military sites in Jordan.

by shortkt.com
4 hours ago
Oil prices climb past $91 as US-Iran conflict intensifies | ShortKT