CNBC·4 min read·hard
Brent breaches $90 as Middle East risks mount with U.S-Iran tensions on the rise
S
Sam Meredith, Lee Ying Shan
✦AI Summary
Oil prices fluctuated as tensions between the U.S. and Iran escalated following military strikes and casualties. The conflict has raised concerns regarding the security of the Strait of Hormuz, a critical transit route for global oil shipments.
Oil prices were mixed on Monday, paring gains after Iran's Foreign Ministry spokesman Esmail Baghaei said negotiations with the U.S. could be pursued based on national interests.
economypoliticsworld
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