The Price of Provocation: Oil Markets Seethe as US Iran Tensions Escalate Again The latest round of tit for tat strikes between the US and Iran has pushed oil prices higher, with Brent crude futures rising 1. 5% to $92.
10 a barrel and U. S. West Texas Intermediate futures advancing 0. 9% to $85. 23 per barrel.
Behind the headlines lies a complex narrative of escalating tensions, miscalculations, and the fragile balance of power in the Middle East.