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

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CNBC Awaaz•12-02-2026, 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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