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GgoogleCA first seen 15 d ago, last 7 min ago, peak #1

Oil prices surge as Gulf tensions and Fed decisions weigh

Original: pétrole

Oil markets are in sharp focus as crude prices climb despite rising Gulf output: more petroleum now leaves the Persian Gulf than before the war involving Iran, yet the barrel trades roughly 50% higher and pump prices are surging. Algeria's Sahara Blend jumped 26% to near $120. Prices eased after Trump lifted some sanctions and tariffs on Russia, while traders shrugged off the Fed's status quo and watched Iran review a Qatari proposal.

Why now: Oil prices are unusually volatile amid Iran tensions, Trump's Russia sanctions move and threats to the Houthis, hitting consumers at the pump.

IranTrumpRussiaAlgeriaFederal Reserve

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