Brent crude oil closed above $100 per barrel for the second consecutive trading day, reaching its highest level in over three years. As conflict in the Middle East continues, global leaders are grappling with the impact of disruptions in the crude oil market supply.
The global benchmark settled at $103.14 per barrel, while U.S. crude futures closed near $99 per barrel, marking the highest level since July 2022.
Analysts and traders indicated that if Brent remains above the key psychological threshold of $100 per barrel, it could increase pressure on U.S. President Donald Trump to end the war with Iran.
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