Oil prices climb 5% this week due to Iran concerns
Global oil prices are on track to rise more than 5% this week as the United States readies new economic sanctions against Iran. Brent crude is currently priced over $93 per barrel, and WTI is hovering near $86. Market participants are worried that additional measures might interfere with energy shipments, particularly in the Strait of Hormuz, which serves as a vital pathway for international oil transport.
by shortkt.com✓