## Crude Oil Reaches Monthly Highs: Iran Conflict Pushes Oil Prices Higher
Geopolitical tensions have become a key driver of energy prices. February WTI crude oil contracts surged by 3.10%, while RBOB gasoline increased by 2.00%, both reaching monthly highs. Amid escalating protests in Iran and sharp statements from the US administration regarding demonstrator safety, investors are concerned about potential disruptions in oil supply. Considering Iran produces over 3 million barrels per day, even minor escalation poses a serious risk to the global market.
Alongside geopolitical tensions, strong
View Original