Oil Prices Surge to Six-Week High Amid Tensions Over Iran

According to the International Desk of Webangah News Agency, following the adventurous decision by U.S. President Donald Trump to impose a naval blockade on Iranian ports and the firm response from Iran’s armed forces to these hostile measures, global oil prices have seen a noticeable surge, reaching their highest level since mid-June. News reports also indicate that the continuation of Washington’s provocative policies, leading to instability in the region, has subjected energy markets to severe fluctuations.

For the second consecutive day, major oil market benchmarks have continued their upward trend. Brent crude rose by 1.72 percent to $86.19 per barrel, while West Texas Intermediate crude increased by 1.4 percent to $80.40 per barrel. Experts believe this upward trend is a direct consequence of U.S. interference with maritime security and Iran’s legitimate reaction to defend its national interests.