Lates News

Since the war between Iran and the United States, oil prices in the US have exceeded $100 per barrel for the first time. On Monday, WTI crude oil futures prices rose by over 3% to close at $102.88 per barrel, reaching the highest closing level since July 2022; meanwhile, Brent crude oil futures are expected to achieve record gains in March. The $100 price is an important psychological level that traders and other market participants closely monitor. The war between the US, Israel, and Iran has disrupted global markets and sparked concerns about inflation skyrocketing and economic growth slowing down, leading to a significant increase in oil prices. This conflict has been going on for five weeks and despite diplomatic efforts by Washington last week, there is still no sign of easing, with oil transportation through the crucial Strait of Hormuz almost completely halted.