Iran-US tensions push crude oil prices above $105
Crude oil prices surged in global markets as tensions between Iran and the United States continued to rise. The sharp increase pushed international oil prices to their highest level in three months. The development raised fresh concerns about stability in global energy markets. Brent crude recorded a 4.05 percent increase during trading. Its price moved […]
Crude oil prices surged above $101 per barrel on Thursday as the US and Iran continued their attacks in the Strait of Hormuz, according to an oil market survey. Brent and West Texas Intermediate (WTI) crude blends reached $102.30 and $97.52 per barrel, respectively, marking a 1.05% and 1.53% increase on a day-to-day basis. Iranian officials reported that their country had attacked 10 ships near the Strait of Hormuz, while the US claimed retaliatory attacks, intensifying the ongoing conflict.
US President predicted that the six-month-long war might conclude following the country's midterm elections in November 2026. Nigeria saw fuel pump prices rise significantly to N1,310 to N1,350 per litre, up from N1,210 to N1,275 per litre in recent weeks.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
