Iran war drives oil prices above $100 a barrel for first time since 2022

A bustling oil trading floor is filled with traders reacting to the surge in oil prices, as news of the escalating conflict in Iran dominates the screens.

On October 15, 2023, Brent crude oil reached $100.30 per barrel, marking a significant milestone that has not been seen in over a year. The increase is attributed to fears that the conflict could spill over into neighboring countries, potentially affecting oil production and transportation routes. Analysts are closely monitoring the situation, as any further … Read more