Brent crude hits 5-month high at $110.08 as Gulf tensions persist

zeenews.india.com —

Global crude oil prices climbed to a five-month high on Tuesday, with Brent trading at $110.08 per barrel amid geopolitical tensions in the Gulf and ongoing attacks on vessels. Brent rose 0.48 percent, while US WTI crude gained 0.46 percent to $99 a barrel. Prices have surged nearly 80 percent this year due to conflicts involving Iran and the Russia-Ukraine war, with at least 18 vessels attacked in the past two weeks. Despite the risk premium, Gulf exports are recovering, with Iraq's crude exports exceeding 3.4 million barrels per day. Indian commodity exchanges suspended morning trading for Dussehra, with evening sessions reopening at 5 pm.


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