Brent crude surges past $95 amid Iran tensions
pre-market1 source ↓written by the desknot a recommendation
- on Wednesday
- 4%
- per barrel due
- $95.07
- could further impact
- $90
Global crude prices soared over 4% on Wednesday, with Brent crude hitting $95.07 per barrel due to escalating U.S. strikes against Iran and stalled diplomatic efforts. This surge raises concerns about stagflation as supply risks mount in key production areas. Analysts warn that sustained prices above $90 could further impact inflation expectations.
Not investment advice. For informational purposes only.