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Oil prices soared on Monday, boosted by the renewed tensions between the United States and Iran, the two countries showing differences over the terms of an agreement to end the war, and after reciprocal attacks this weekend.
Oil prices soared on Monday, boosted by the renewed tensions between the United States and Iran, with the two countries showing differences over the conditions of an agreement to end the war, and after reciprocal attacks this past weekend.
Around 1:30 PM GMT (3:30 PM in Paris), the price of a barrel of North Sea Brent, for delivery in August, on its first day of use as a benchmark contract, rose 4.92% to $95.60, after briefly surpassing 5%. Its American equivalent, the barrel of West Texas Intermediate, for delivery in July, gained 5.94% to $92.55.
