Brent Crude Prices Climb to Five-Month High Amid Middle East Conflict

Brent crude oil prices surged to $114.72 per barrel, a five-month high, marking a 1% daily increase. This rise is attributed to escalating tensions in the Middle East, specifically concerns about the war with Iran and potential disruptions to global energy supplies. U.S. benchmark crude also rose by 1.1% to $100.60 per barrel, reflecting broader market anxiety over geopolitical stability.