Crude oil prices rise to $119.50 per barrel as Iran-Israel war threatens transport routes, production
Washington: In a significant development, the crude oil prices continued to rise on Tuesday as the Iran war intensified, threatening production and shipping across the Middle East and straining energy supplies worldwide. The price of Brent crude, the international benchmark, briefly surged to $119.50 per barrel on Monday - its highest level since the summer after Russia invaded Ukraine in 2022. West Texas Intermediate, which is produced in the US, also soared to $119.48 per barrel at one point. Crude oil prices fell under \$100 mark later on Monday Those prices fell under the $100 mark later Monday. But that's…