Oil prices have increased as tensions between the U.S. and Iran have escalated. On Tuesday, U.S. benchmark WTI crude was trading at approximately $79 per barrel, rising from about $74 per barrel at the start of trading on Monday morning and from around $72 per barrel late last week. The international benchmark Brent crude was also trading at about $85 per barrel.
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Oil Prices Increase Amid Renewed US-Iran Tensions
Oil prices have risen due to escalating tensions between the U.S. and Iran. As of Tuesday, WTI crude was priced at approximately $79 per barrel, while Brent crude was around $85 per barrel.
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Oil prices jump as US-Iran conflict escalates again
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Oil Prices Increase Amid Renewed US-Iran Tensions