Crude Oil Prices Surge Past $100 Amid Escalating Tensions with Iran

London. Following the latest escalation of tensions in the Middle East and the worsening conflict with Iran, crude oil prices have seen a significant surge in the international market. For the first time since 2022, the price of crude oil has surpassed $100 per barrel.

The global fear of an energy crisis has increased following recent airstrikes by the United States and Israel on Iran, targeting oil depots. As Asian markets opened on Monday morning, the price of Brent Crude rose by 15.5 percent to $107.16 per barrel.