The price of Brent crude oil surges past $125 a barrel as worries brew over an escalation in the Iran war
The price of Brent crude oil surges past $125 a barrel as worries brew over an escalation in the Iran war Source link
Brent
Brent crude touches $115 a barrel, while U.S. stocks recover some losses
Brent crude touched $115 a barrel on Monday amid new threats from President Trump that the U.S. could destroy Iranian infrastructure, including power plants and oil wells, if the Strait of Hormuz isn’t reopened. Brent crude, the international benchmark, rose to $115 a barrel on Monday before retreating to $107.95, according to data from Oilprice.com … Read more
Gas prices edge higher with Brent crude remaining above $100 per barrel
Gasoline prices inched higher on Monday with Brent crude remaining above $100 per barrel, as the Strait of Hormuz, a vital shipping lane for the global energy supply, remains paralyzed amid the Iran war. The average price for a gallon of gas rose to $3.72 on Monday, up from $3.70 on Sunday and representing an increase … Read more