Oil Prices Surge on Iran Tensions
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surged today, with Brent crude nearing $110 a barrel, as President Trump hinted at increased pressure on Iran. Light sweet crude for July delivery closed at $102.13, up 38 cents, while Brent hit $109.85, gaining 44 cents. Trumps tweet about Irans nuclear ambitions and the U.S.s no-war stance, along with a weaker dollar, drove the market. Gasoline and heating oil also rose, while natural gas fell slightly. Traders remain on edge due to the Iran standoff.
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