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Oil prices are nearing $100 per barrel amid escalating tensions between the US and Iran, reports Reuters.

Brent crude rose to $97.07 per barrel, while WTI climbed to $92.28. Over the week, prices increased by 7.8% and nearly 10%, respectively.

Traffic through the Strait of Hormuz—a key global oil supply route—has dropped sharply following attacks on oil tankers.

#IranSaysItHit3USShips3Tankers
#USIranTradeTankerStrikesEscalate
#USStrikesIranTankersTehranRestrictsHormuz
#TRUMP
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