Oil prices rise amid US-Iran tensions
Oil prices are climbing thanks to rising tensions between the US and Iran, which have sparked worries about possible supply issues in the Middle East. Brent crude is now at $69.92 a barrel, and US crude isn't far behind at $68.37. The US moving some staff out of the region has only added to market jitters.
US-Iran conflict worries traders
Iran has threatened US bases, while the US is partially evacuating its embassy in Iraq—moves that make traders nervous about oil supplies from this key region. It's a classic case of global politics shaking up everyday prices.
Will oil stay above $65 this year?
Probably not for long. Experts predict oil could average $64 a barrel in 2025 and drop to $60 by 2026 as supply goes up and demand cools off. Of course, these numbers could shift if world events or OPEC+ decisions change things again.