Oil prices surge 12% on U.S.-Iran tensions
pre-market1 source ↓written by the desknot a recommendation
- both
- 12% this week
Oil prices rose on Friday, with Brent crude at $84.30 and WTI at $79.11, both up 12% this week. Renewed U.S.-Iran military tensions are raising fears of disruptions in energy supplies, particularly through the Strait of Hormuz and potentially the Red Sea. This geopolitical risk premium is driving market sentiment higher.
Not investment advice. For informational purposes only.