Oil prices today: Crude continues to rise as US-Iran war rages on; Brent surges past $105 a barrel
Oil prices climbed further on Monday after the US administration signalled that the Middle East crisis may persist for several more weeks, raising concerns over prolonged disruptions to global energy supplies. Donald Trump also called on other countries to help secure the Strait of Hormuz — one of the world’s most crucial routes for oil and gas shipments.
Global benchmark, Brent crude jumped 2.9% to almost $106.12 a barrel, according to CNN while US oil was up 2.6% reaching $101.53.Oil markets have seen a sharp rally this month. Both benchmarks have surged by more than 40%, touching their highest levels since 2022.
