London/New York – Web Desk: Global crude oil prices reached a six-month high as tensions between the United States and Iran intensified.
In international markets, Brent crude rose by 62 cents to $71.39 per barrel, while US WTI crude increased by 37 cents, reaching $66.21 per barrel. Analysts attribute the surge to geopolitical risks that could disrupt supply from the Middle East.
Meanwhile, gold prices also jumped, climbing $107 to surpass $5,200 per ounce, reflecting investors’ flight to safe-haven assets amid uncertainty.
Market watchers are closely monitoring the situation, as any escalation in US-Iran tensions could further impact energy and commodity prices worldwide.
