“Brent crude touched $126.41 a barrel on Thursday, its highest level since Russia's invasion of Ukraine in 2022, after Axios reported that the US Central Command (CENTCOM) was preparing a military plan contemplating a wave of "short and powerful" strikes on Iranian infrastructure to force Tehran back to the negotiating table. The price subsequently moderated to close near $114, a decline partly attributed to the expiration of the June futures contract, but the European benchmark has gained more than 60% since the start of the war against Iran on February 28.
Original story
Continue reading at MercoPress
en.mercopress.com
Summary generated from the RSS feed of MercoPress. All article rights belong to the original publisher. Click through to read the full piece on en.mercopress.com.