Oil prices surged above $100 again

Fuel prices rose again amid the ongoing joint US-Israeli aggression in Iran. This situation came on Thursday (March 26) as traders reviewed the possibility of a ceasefire in the Middle East. Although Iran said it had no plans to negotiate.

In addition, supply disruptions from Russia and the Persian Gulf region have put additional pressure on the global energy market. Brent crude rose $1.13, or 1.1 percent, to $103.35 per barrel.

On the other hand, the price of US West Texas Intermediate crude rose $1.08, or 1.2 percent, to $91.40 per barrel.

Prices had fallen more than 2 percent in both cases the previous day.

According to market analysts, the new possibility of a diplomatic solution in the Gulf region has played a role in this revival of oil prices, although optimism about a ceasefire is still quite limited.

Source: Sama TV.