Amid tensions with Iran: Oil price climbs to $96 per barrel
The price of a barrel of Brent crude oil rose to $96, after briefly dropping to $89 over the past two days. The increase comes against the backdrop of renewed tensions with Iran and statements…
Assessment
Oil prices are reacting to renewed tensions with Iran, with Brent crude jumping to $96 a barrel after briefly dipping to $89. The volatility reflects market sensitivity to geopolitical risk in the region. Comments from US President Donald Trump appear to be adding to the uncertainty. Watch for whether prices hold above $90 or if diplomatic signals emerge to cool the situation.