Oil returns above 100 dollars amid US-Iran tension

Oil prices returned above the 100 dollars per barrel threshold at a time of growing tension between the United States and Iran. Brent crude, the European benchmark, posted four consecutive sessions of gains, reflecting geopolitical uncertainty in the Middle East. Analysts point out that tensions between Washington and Tehran have been intensifying, fueling concerns about possible disruptions to crude supplies. This return to double digits after a period of decline reflects the volatility characteristic of the oil market when threats to geopolitical stability in the Gulf region arise.