Oil prices skyrocket 60% in a month amid Middle East tensions. Can they hit $130 in near term?
US-Iran war: Brent crude prices have jumped sharply by over 60% since the beginning of the US–Iran–Israel conflict, climbing to around $112 per barrel on Monday from nearly $70 per barrel at the start of the conflict, amid significant disruptions in global energy supply.
In the past 30 days alone, crude oil prices have risen by about 56%, reflecting the severity of the ongoing supply shock.
