Summary
- Oil prices surged as uncertainty grew over a possible war between the US and Iran.
- According to Walter Bloomberg, Brent crude futures rose 3% to $86.33 a barrel.
- Concerns over oil supply disruptions stemming from a military clash between the US and Iran pushed prices higher.
Oil prices jumped as uncertainty intensified over a possible war between the US and Iran.
Walter Bloomberg, an overseas markets news account, reported on August 4 that Brent crude futures rose 3% to $86.33 a barrel.
Ongoing tensions over a potential military clash between the US and Iran fueled concerns about oil supply disruptions, pushing crude prices higher.
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