Crude Oil Prices Surge Amid US-Iran Tensions; Brent Nears $70
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CNBC Awaaz12-02-2026, 11:26

Crude Oil Prices Surge Amid US-Iran Tensions; Brent Nears $70

  • Crude oil prices increased on Thursday due to escalating tensions between the US and Iran.
  • Investors fear oil supply disruptions if Iran is attacked or shipping routes are affected.
  • US President Donald Trump indicated ongoing discussions with Iran and the possibility of sending a second aircraft carrier to the Middle East if talks fail.
  • Brent Crude Oil reached $69.67 per barrel, while US WTI Crude hit $64.92 per barrel.
  • Experts suggest prices above $65-$66 signal heightened Middle East tensions; de-escalation could drop prices to $60-$61.

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