Brent Crude Oil Price Rises After US Strike on Iran’s Qeshm Island

The post Brent Crude Oil Price Rises After US Strike on Iran’s Qeshm Island appeared first on Coinpedia Fintech News

Oil prices rose by more than $1 per barrel on Tuesday after US forces struck Iran’s Qeshm Island, raising concerns about further escalation and potential disruptions to energy supplies. Brent crude gained 1.76% to $106.61 per barrel, while US West Texas Intermediate (WTI) rose 1.66% to $98.06. However, the gains followed a sharp 7.6% drop …