U.S. crude oil closes above $100 for first time since 2022 after latest Middle East threats
Brent crude futures settled above $100 per barrel on Thursday, the first close above that level since August 2022. The milestone reflects mounting stress across global energy markets due to tensions involving Iran.
Global energy markets are under stress due to rising tensions in the Middle East. Brent crude futures closed above $100 per barrel on Thursday, a first since August 2022. This increase is largely driven by concerns over Iran. The price surge affects global energy markets. As a result, crude oil prices are at their highest in over a year. The situation is being closely monitored by energy market analysts.
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