<2>Oil prices move back to multi-month highs as Iran war disrupts supply
<3>The escalating conflict in Iran has sent shockwaves through the global energy market, pushing oil prices to their highest levels in months. The situation has been exacerbated by concerns over the potential disruption to oil supplies, with Goldman Sachs warning that the cost of crude could hit $100 a barrel.
<4>According to a report by < href='https://bloomberg.com' target='_blank'>Bloomberg, the price of Brent crude oil has surged to its highest level since September, while the US benchmark West Texas Intermediate (WTI) has also seen a significant increase. The price of Brent crude has risen to around $92 a barrel, while WTI has reached around $88 a barrel.
<5>The conflict in Iran has raised concerns over the potential disruption to oil supplies, with many analysts warning that the situation could lead to a significant increase in oil prices. Goldman Sachs has warned that the cost of crude could hit $100 a barrel, while other analysts have predicted that prices could rise even higher.
<6>The situation in Iran has been further complicated by the country’s decision to abandon its nuclear deal with world powers. The deal, which was signed in 2015, had