Oil prices climb towards $100 a barrel

By
Ziraat Times
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An oil tanker is docked unloading crude oil at the port in Qingdao, in China's eastern Shandong province, on April 7, 2026. (Photo by CN-STR / AFP) / China OUT

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Doha: Oil prices have continued their upward trajectory for the fourth straight session, with Brent crude futures rising $1.57, or 1.6 percent, to $99.49 a barrel as of 00:01 GMT.

US West Texas Intermediate (WTI) crude went up $1.60, or 1.72 percent, to $94.63 a barrel.

The hike came after Iran launched new attacks on US military assets in the Gulf.

Brent crude prices have jumped by a quarter since early August as hopes for a permanent resolution to the six-month-old war faded and as fighting flared again.

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