Oil prices climb as US, Iranian attacks stoke fears of escalation
- After peaking at nearly $94.40 a barrel on August 21, Brent has been trading in the range of $86-$91 since the truce between the sides lapsed without an extension or permanent peace deal.
- Oil prices are climbing amid fears of escalation in the Middle East following the first exchanges of fire between the United States and Iran in more than a month over the weekend.
- Brent crude, the international benchmark, rose more than 1 percent on Tuesday to top $91 a barrel, extending a more than 2.5 percent gain from the previous day.
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- After peaking at nearly $94.40 a barrel on August 21, Brent has been trading in the range of $86-$91 since the truce between the sides lapsed without an extension or permanent peace deal.
- Oil prices are climbing amid fears of escalation in the Middle East following the first exchanges of fire between the United States and Iran in more than a month over the weekend.
- Brent crude, the international benchmark, rose more than 1 percent on Tuesday to top $91 a barrel, extending a more than 2.5 percent gain from the previous day.
Sources: Al Jazeera