Oil prices have once again climbed above ninety dollars per barrel today. Brent crude benchmark increased by zero point six percent, reaching ninety-one dollars price.
This recent surge is attributed to President Trump’s statements on international agreement.
The agreement with Iran, reached in June, expired yesterday without renewal. No significant progress toward peace was accomplished before the deadline on Monday.
Weak short-term prospects for Middle East solutions continue pressuring global oil prices. Analysts believe geopolitical uncertainty will drive further volatility in international energy markets.