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Crude Oil - Brent crude surges over $120 a barrel on Iran war worries, while world stocks are mixed
The price of Brent crude oil briefly surged past $126 a barrel early Thursday as stalled US-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war.
Brent crude hits 4-year high at $120+, what's causing the surge in oil prices?
The last time crude prices saw a major surge was at $130 a barrel on March 9, 2022, due to the escalation of the Russia-Ukraine war.
‘Nowhere to go but up.’ Oil surges to highest price since 2022 on growing supply fears
Oil surpassed $126 a barrel Thursday, its highest price since 2022, as traders worried about a prolonged US-Iran war following President Donald Trump’s decision to extend a blockade of Iranian ports.
Oil prices hit wartime high – what does that mean for the UK?
Oil prices have soared to their highest level since 2022 as President Donald Trump appears to be preparing for an escalation of the Iran war. The cost of benchmark Brent crude soared past £94 a barrel ...
Crude Oil Rally Gains Momentum as Hormuz Supply Risk Grows
Crude oil prices remain supported as restricted Strait of Hormuz flows, stalled U.S.-Iran talks, and tanker disruptions keep supply risks high and push Brent and WTI toward higher levels.