Oil Prices Hover Near $90 a Barrel Amid Escalating Tensions with Iran Oil prices have hit a two month high, breaching $90 a barrel, as tensions between the US and Iran continue to escalate.
The recent spike in oil prices has sent shockwaves through global markets, prompting analysts to point to a perfect storm of rising oil prices, trade tensions, and a weakening economy.
The world's reliance on petroleum based energy sources remains a major contributor to volatility in oil prices.