Commodities & currencyEconomic Times
Brent crude climbs above $95 after Middle East attacks
Negative-7
GreyOak summary
Oil prices jumped above $95 per barrel for Brent crude and $88 for WTI amid escalating attacks on Saudi infrastructure and shipping in the Strait of Hormuz. US President Trump stated no deal with Iran is needed, fueling fears of prolonged conflict. Analysts warn of potential supply disruptions, with Goldman Sachs forecasting Brent could reach $140 by 2027 if Gulf production remains low.
What it affects
- Brent crudeNegative -7
Climbed above $95 per barrel.Rolling sentiment Neutral +11
- GeopoliticsPositive +7
Escalated Middle East conflict risks.Rolling sentiment Negative -23
