Brent crude rose to its highest level in 4 years as tensions rose between the US and Iran

[ad_1]

The price of Brent crude oil exceeded 120 dollars per barrel today. This formed its highest level since June 2022, where the US-US conflict did not show signs of slowing down.

The global standard has now risen to 47% since the American-Israeli strikes on February October.

The wider energy pool also rose on Thursday. rose American crude oil rose by 2.59%, gasoline rose by 1.44%, and oil rose by 3.28%. The European gas indices followed the trend, with the British gas index rising by 2.81% and British gas by 2.03%.

Why did the price of crude oil rise today?

Media reports indicate that the recent rise in the market It was the result of renewed geopolitical tensions surrounding the United States and Iran, which raised fears of a possible escalation in the conflict.

Axios revealed, martyred According to sources, President Donald Trump is expected to receive a briefing on the possibility of action against Iran from the head of the Central Command, Admiral Brad Cooper. This development has increased fears of a possible resumption of armed hostilities.

separately, I mentioned The Wall Street Journal reported that the president is helping to prepare for an “extended” blockade of Iran, a measure aimed at increasing pressure on Tehran.

Follow us on X To get the latest news as it happens

The Treasury Department, through Economic Fury, targeted Iran’s international shadow banking infrastructure, access to cryptography, shadow fleet, arms procurement networks, funding for terrorist proxies in the region, and independent Chinese “teapot” refineries that support…

— Treasury Secretary Scott Bessent (@SecScottBessent) April 29, 2026

I have Iran responded. she pointed out قناة الجزيرة إلى أن البراملة محمد باقر قاليباف rejected the pressure campaign عقت السرط عقت؇ Baqer Washington. In addition, the Iranian military said that self-restraint until now was aimed at diplomacy.

At the same time, it seems that diplomatic efforts have stalled, as the United States-Iran coalition failed in Islamabad during the weekend. This has increased his anxiety about the possibility of a collapse of his current fire.

BeInCrypto reported that Global energy markets are facing increasing pressure as supply shrinks. Iran, which faces storage limits due to export restrictions, has been forced to be cautious.

these restrictions, along with the ongoing disruptions in the movement of trans-strait tankers, fluctuations in the international oil markets.

Subscribe to our YouTube channel to watch the leaders and journalists will introduce news reports

[ad_2]

Source link