Crude oil prices rise amid geopolitical uncertainty after Iranian President’s death
Crude oil prices saw an uptick on Monday due to political instability in major oil-producing countries. This follows the tragic death of Iranian President Ebrahim Raisi in a helicopter crash and the cancellation of a planned trip to Japan by Saudi Arabia’s Crown Prince Mohammed bin Salman due to health concerns regarding his father, King Salman. Brent and WTI crude prices climbBrent crude increased by 41 cents, or 0.5%, reaching $84.39 per barrel by 0632 GMT. Earlier, it hit $84.43, marking its highest point since May 10. Similarly, U.S. West Texas Intermediate (WTI) crude for June rose by 23 ...