Hyderabad: 28°C
Business

Brent Crude Nears $86 Amid Iran Strike Fears

Oil prices climbed for a third consecutive session as Trump's threat of further strikes on Iran increased supply concerns. Brent crude neared $86, while WTI stayed above $80. Rising tensions around the Strait of Hormuz, attacks on regional infrastructure, and falling US crude inventories supported prices despite easing concerns over shipping costs.