Brent climbs above $90 a barrel as fresh US-Iran conflict raises risks for India
New Delhi, July 30 -- Brent crude climbed above $90 a barrel on Thursday as the latest escalation between the US and Iran renewed fears of supply disruptions in West Asia, sharpening concerns over India's import bill, inflation and energy security.
On Thursday, the September Brent contract on the Intercontinental Exchange traded at $92.50 a barrel at 12.40 pm, up 2.33% from previous close. Prices had surged nearly 8% in the previous session to an intraday high of $90.8 a barrel, before settling at $90.74 a barrel.
The latest gains followed US strikes on Iran in retaliation for Tehran's attacks on American military assets in Jordan, heightening fears that the conflict could spill over into the region's energy infrastructure.
Al Jazeera ...
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