Oil Prices in Limbo Amid Middle East Tensions The recent uptick in oil prices has been driven by a combination of rising tensions in the Middle East and ongoing supply disruptions. Brent crude futures have increased 1.
6% to $97. 72 per barrel, while U. S. West Texas Intermediate (WTI) futures are trading at a lower level than last week, hovering around $91. 38 per barrel.
The situation is further complicated by the ongoing military operations in southern Iran, which have targeted vessels allegedly attempting to deploy mines and missile launch locations. The U. S.