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Oil prices rise to 6-week high after Iran and U.S. trade blows, Saudi Aramco facilities reportedly hit
Oil prices rose to a six-week high on Monday as the U.S. and Iran traded strikes over the weekend, ratcheting up tensions in the Middle East.
AI Summary
Oil prices climbed to a six‑week peak on Monday after the United States and Iran exchanged strikes over the weekend, heightening Middle‑East tensions. Brent crude futures rose 1.3% to $97.52 per barrel, briefly touching $97.93, the highest level since July 23. The surge coincided with reports that Saudi Aramco facilities had been struck. West Texas Intermediate also moved higher, reflecting broader market concerns.
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