Crude oil prices continue to rise amid US-Iran uncertainty. What’s the near-term outlook?
US-Iran war: Oil prices surged after US President Donald Trump dismissed Iran’s terms aimed at ending the Middle East conflict, raising concerns over the continued closure of the strategically important Strait of Hormuz.
Brent crude futures jumped as much as 4.2% to $105.54 a barrel, while West Texas Intermediate climbed above $99 per barrel.
