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Oil rises to 4-week highs as conflict in Iran escalates
Oil prices rose to a four-week high as conflict in Iran escalated. The price of Brent crude reached $86 US, up from recent weeks following a U.S.-Iran memorandum of understanding to end the war, though it remained below $100.
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Adjacent reporting
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- Oil hits 1-month high as US-Iran fighting clouds Strait of Hormuz outlook
- Brent crude jumps as US-Iran fighting continues
- Oil prices see largest two-day percentage gain in four months on U.S.-Iran fighting
- Oil prices rise as the U.S. and Iran fight over control of Strait of Hormuz
- Oil prices surge 10% as US-Iran conflict reignites