Brent crude climbs to $126.41 as Iran conflict stokes oil prices
Fast facts
- Category: Business
- Language: EN
- Published: 2026-05-01 06:11 UTC
- Sources: Al Jazeera
Oil markets surged on Thursday, with Brent crude futures reaching $126.41 per barrel, a 5% weekly gain. Al Jazeera attributes the rise to the ongoing war‑related tensions with Iran and limited supply outlooks. Analysts warn the price rally could continue if the conflict does not de‑escalate.
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