, March 29 -- Oil prices are likely to climb further in the coming week, driven by rising geopolitical tensions in the Middle East and increasing indications that supply risks are expanding beyond major transit routes.
Brent crude traded above $112 per barrel, while U.S. West Texas Intermediate hovered near $100, reflecting a continued rebound from earlier declines.
Prices have risen sharply from pre-conflict levels of around $70, underscoring the market's increasing focus on potential supply disruptions, GulfNews reports.
Escalation spreads across region
The conflict entered its 29th day on Saturday with signs of widening regional spillover, adding to concerns about energy and infrastructure security. Iranian missile and drone strike...
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