Oil prices surged on Wednesday, driven by fears of supply disruptions from a storm threatening U.S. oil regions and ongoing attacks by Yemen’s Houthis on Saudi Arabia. Brent crude climbed to $101.39 per barrel, while U.S. WTI reached $90.05, reflecting heightened supply risks amid Middle Eastern tensions.
Oil prices surged 3% on Monday after Iran demanded the U.S. lift sanctions and meet other conditions before reopening the Strait of Hormuz. Brent crude rose to $86.03 a barrel, while West Texas Intermediate climbed to $80.61. Tensions remain high amid ongoing strikes on Russian energy facilities and regional conflicts.
Oil prices rose for a second day on Thursday, influenced by rising tensions between the U.S. and Iran that disrupted vital shipping routes. Brent crude climbed to $91.80 per barrel, while U.S. WTI reached $84.85. Geopolitical risks, particularly around the Strait of Hormuz, continue to affect market stability.
