Rising tensions between Iran and Israel have caused oil prices to reach their highest levels in five months. Concerns over a possible war between the two countries have created a volatile environment in the oil market. Brent and WTI futures have experienced significant increases, with year-to-date performance standing at 17.4 percent and 19.5 percent, respectively.
Oil prices surged to five-month highs due to rising tensions in the Middle East . The main trigger now is the possible war between Iran and Israel . These tensions have heightened concerns in the oil market causing a volatile environment .
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Oil Prices Middle East Tensions Iran Israel War Volatile Environment Brent Futures WTI Futures Geopolitical Risk
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