<2>Oil prices rise again as conflict in Middle East escalates
<3>The escalating conflict in the Middle East has led to a surge in oil prices, with Brent futures advancing close to the highs reached on Tuesday. The global oil market is highly sensitive to geopolitical tensions, and the ongoing conflict in the region has raised concerns about the potential impact on oil supplies.
<4>The conflict in the Middle East has been ongoing for several weeks, with multiple countries involved in the fighting. The situation remains volatile, with reports of airstrikes and ground battles in various parts of the region. The conflict has already led to a significant increase in oil prices, with Brent futures rising by over 10% in the past week alone.
<5>According to < href='https://bloomberg.com' target='_blank'>Bloomberg, oil prices are likely to remain volatile in the short term due to the ongoing conflict in the Middle East. The news agency reports that Brent futures are expected to reach $120 per barrel in the coming days, up from around $100 per barrel last week.
<6>The conflict in the Middle East has also led to concerns about the potential impact on global oil supplies. The region is home to some of the world’s largest oil-producing countries, including Saudi Arabia