Oil prices surged again Thursday, hovering near $100 per barrel, as traders weighed the implications of a fragile U.S.–Iran ceasefire against ongoing disruptions in the Strait of Hormuz. The rise reflects investor concern over continued supply chain challenges and geopolitical risks.
Benchmark Brent crude rose 3.7% to $98.24 per barrel, while U.S. WTI crude jumped 6.8% to $100.79 per barrel, The Washington Post reported on Thursday.
