Oil prices rise sharply on Iran conflict concerns
pre-market1 source ↓written by the desknot a recommendation
- a barrel
- $65
- Brent crude above
- $70
Oil prices experienced their largest gain since October, with West Texas Intermediate near $65 a barrel and Brent crude above $70. Concerns over potential US military intervention in Iran could disrupt oil flows from a region supplying about a third of global oil. Traders should monitor developments closely, as escalating tensions may impact prices further.
Not investment advice. For informational purposes only.