Oil Prices Surge on Iran Tensions, Trump's Tweet
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Oil prices surged on Wednesday, with Brent crude nearing $110 a barrel, following President Trumps hint at escalating tensions with Iran. The global benchmark hit $109.85, while U.S. light sweet crude for July delivery settled at $102.13, up 38 cents. The softer dollar also contributed to the price increase, making crude a more attractive option for foreign buyers. Gasoline and heating oil prices edged up, but natural gas dipped, keeping energy traders on edge amid ongoing Middle East drama and U.S.-Iran friction.
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