Oil Prices Surge on Trump's Iran Threats
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 tweet about intensifying pressure on Iran. The global benchmark rose to $109.85, while light sweet crude for July delivery climbed to $102.13. Tensions in the Middle East, particularly after the U.S. accused Iran of attacks on tankers, keep oil markets on edge. A weaker dollar also contributed to the price increase. Gasoline and heating oil futures inched up, while natural gas dipped.
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