Oil prices continue to climb, hitting their highest level in nearly 2 years
Business
The price of oil continued to surge on Friday amid growing concerns that the Iran war will disrupt global crude supplies. West Texas Intermediate (WTI), the U.S. oil benchmark, rose 6.8% to $86.57 per barrel on Friday morning, according to data from Factset. Brent crude, the international benchmark, jumped 4.7% to $89.44. Both were trading near their highest levels since April 2024. Tangible disruption Crude prices have surged this week as the Iran conflict halts shipments of oil and
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