Brent oil prices rose as much as 7% on Thursday on a report that the US is considering potential military action against Iran to break the deadlock \u200cin negotiations to end the war, increasing concerns of more supply disruptions to already curtailed Middle East exports.<\/p>\n\n\n\n
Brent crude futures for June rose $6.81, or 5.8%, to $124.84 a barrel, after gaining 6.1% in the previous session. The June contract, up for a ninth day, expires on Thursday and the more active July contract was at $113.78, up $3.34, or 3%, \u200bafter gaining 5.8% in the previous session.<\/p>\n\n\n\n
US West Texas Intermediate futures for June were up $2.76, or 2.6%, at $109.64 a barrel, after climbing 7% in \u200bthe previous session, climbing in eight of nine sessions.<\/p>\n\n\n\n
Both benchmarks are on track for their fourth month of gains. Since the \u2060start of the year, Brent prices have more than doubled, rising to their highest since March 2022 on Thursday, and WTI is up more than 90%.<\/p>\n\n\n\n
US \u200bPresident Donald Trump is slated to receive a briefing on Thursday on plans for a series of military strikes on Iran in hopes it will return to \u200bnegotiations on its nuclear programme, according to an Axios report late on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"
Brent oil prices rose as much as 7% on Thursday on a report that the US is considering potential military action against Iran to break the deadlock \u200cin negotiations to end the war, increasing concerns of more supply disruptions to already curtailed Middle East exports. Brent crude futures for June rose $6.81, or 5.8%, to $124.84 a barrel, […]<\/p>\n","protected":false},"author":2,"featured_media":903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[11,13],"tags":[],"class_list":["post-902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-world"],"yoast_head":"\n