BRENT — OIL SOARS TO 6-WEEK HIGH AS US-IRAN CONFLICT INTENSIFIES IN GULF

Brent crude futures surged over 3% to surpass $93 per barrel, reaching their highest level in six weeks, amid escalating military confrontations between the US and Iran. The price spike reflects growing market fears of a major supply disruption in the Middle East, particularly through the critical Strait of Hormuz. WTI crude also climbed over 3% to trade near $87 per barrel as strikes and retaliatory threats continued.