The Commodities Feed: Persian Gulf escalation pushes Brent above $90
AI Summary
Escalation in the Persian Gulf has pushed ICE Brent crude oil prices above $90 per barrel amid ongoing deadly exchanges between the US and Iran. Analysts warn that if unchecked, this conflict could exacerbate energy market disruptions.
Energy – Speculators jump into oil amid renewed disruptions ICE Brent broke above US$90/bbl this morning with no let-up in the escalation in the Persian Gulf. The US and Iran continue to exchange strikes, which are proving to be deadly for both sides. If this escalation goes unchecked, we could return to an environment of ...