Brent Crude Hits $90 Amid Concerns Over Middle East Supply
March 9, 20265 min read
Brent crude oil prices have touched the $90 per barrel mark for the first time in months, fueled by heightening geopolitical tensions in the Middle East. The escalating conflict has sparked fears among energy traders about potential disruptions to major supply routes and production facilities.
Energy Secretary has urged calm, noting that UK oil reserves remain robust, but admitted that global market forces are difficult to shield from entirely. Driving organizations like the RAC and AA are closely monitoring average pump prices, which could soon hit year-to-date highs if the crude rally continues.