Brent and WTI see sharp rises
Brent crude oil jumped over 7% on Thursday, while US crude (WTI) surged more than 11%, following threats by US President Donald Trump to launch stronger attacks on Iran if the country does not agree to a ceasefire. The warnings heightened fears of escalation in the conflict.
Current oil prices
Brent crude closed at $109.03 per barrel, up 7.7%, while WTI closed at $111.54 per barrel, marking an 11.4% increase.
Over the past month, WTI has risen by 49%, while Brent crude has increased by 33%, reflecting growing volatility and market concern over geopolitical tensions in the Middle East.
Also read: Eight dead and 95 injured in bridge bombing in Tehran
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