Oil prices have increased significantly, with Brent crude reaching $95.36 per barrel and US West Texas Intermediate (WTI) at $90.86 per barrel. This rise is due to growing tensions between the United States and Iran, which have raised concerns about possible disruptions in oil supplies from the Middle East. Recently, the US conducted airstrikes on Iranian targets, and President Trump warned of more attacks following exchanges of fire between the two countries. These military actions have traders worried that escalating conflicts could impact oil shipments, particularly through the Strait of Hormuz, a crucial route for oil transport. The prices are at their highest levels since late July, reflecting the market's anxiety over the situation.
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