Oil climbs on third straight day as US-Iran tensions raise supply risks
TL;DR Summary
Oil prices rose for a third straight session as renewed US-Iran clashes stoked fears of tighter crude supplies from the Middle East, with Brent around $94.87/bbl and WTI about $90.31/bbl ( Brent earlier hit $97.04). The flare‑up, including US airstrikes and Iranian retaliatory actions, raises concerns about tanker movements through the Strait of Hormuz and a looming supply shock, while API data showed a crude draw ahead of the EIA report.
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