BusinessOil Prices Remain Near $100 Despite Increased Middle East Supply
Oil prices have stayed above $100 per barrel, about 40% higher than before the US-Iran conflict, despite Middle East crude supply nearly returning to pre-conflict levels. The Group of Seven's release of 100 million barrels of emergency stocks failed to lower prices. Ongoing geopolitical tensions, including US military deployments and Iran's attacks near the Strait of Hormuz, alongside depleted global inventories and disrupted Russian exports, keep prices elevated.
Mint Markets·



