Brent Crude Hits $110.58 As Market Reacts To Geopolitics
Crude oil markets saw renewed volatility as Trump's warning coincided with the looming deadline for Iran to reopen the Strait of Hormuz. Prices surged in response, with Brent June contracts climbing to $110.58 on the Intercontinental Exchange, while West Texas touched $111.90. Traders remain cautious as tensions continue to influence global oil supply.