Crude Oil Prices Surge Amid Escalating Tensions with Iran

Washington D.C. The price of crude oil continues to rise sharply in global markets due to escalating tensions and war with Iran. Early Asian trading on Tuesday saw US oil prices jump 3 percent to nearly $106 per barrel.US crude oil prices closed Monday above the $100 mark for the first time since the war against Iran began on February 28. This is the highest price since July 2022. Brent crude, considered the international market benchmark, also saw an increase of more than 2 percent on Tuesday, pushing its price to $115 per barrel.Investors and analysts believe that the market...