Crude Oil Surges Over 3% Following U.S.-Iran Military Confrontation
The post Crude Oil Surges Over 3% Following U.S.-Iran Military Confrontation appeared on BitcoinEthereumNews.com. Key Takeaways Brent crude surged more than 3% to approximately $94 per barrel following weekend military confrontations between the U.S. and Iran WTI crude futures advanced roughly 3.5% to $90.40 per barrel, rebounding from steep weekly declines American forces targeted Iranian military infrastructure; Tehran retaliated with strikes on a U.S.-operated air facility Diplomatic efforts toward a ceasefire continue, but substantial obstacles persist after nearly two months of negotiations Approximately 20% of worldwide oil transport flows through the Strait of Hormuz, which faces ongoing disruptions Crude oil markets rallied more than 3% on Monday following a weekend of military escalation between Washington and Tehran, intensifying worries about potential supply interruptions across the Middle East. Brent crude futures advanced to approximately $93.95 per barrel, while West Tex