Oil prices rise for a fifth day as U.S.-Iran hostilities threaten supply routes

Oil prices rose for a fifth straight day to the highest level in more than a month, driven by escalating U.S.-Iran hostilities. The move reflects growing fears of supply disruptions along oil transit routes, raising near-term upside risk for crude benchmarks.

Analysis

Oil prices rose for a fifth straight day to the highest level in more than a month, driven by escalating U.S.-Iran hostilities. The move reflects growing fears of supply disruptions along oil transit routes, raising near-term upside risk for crude benchmarks.