Brent surges above $90 as US-Iran conflict escalates

AI Summary

Brent crude oil prices surged above $90 a barrel amid escalating military conflict between the United States and Iran. The intensified attacks raised global concerns over potential disturbances in crude oil supply chains affecting markets worldwide.

Oil prices rose more than two per cent on Monday as renewed military attacks between the United States and Iran heightened concerns over possible disruptions to global crude supplies. Brent crude futures rose $2.37, or 2.69 per cent, to $90.47 a barrel, while US West Texas Intermediate crude gained $2, or 2.4 per cent, to Read More: https://punchng.com/brent-surges-above-90-as-us-iran-conflict-escalates/