Brent crude nears $99 after strikes on Saudi energy sites amid renewed Mideast hostilities

Oil prices rose Tuesday on worries over escalating Mideast tensions after the U.S. and Iran traded strikes over the weekend.

Brent crude nears $99 after strikes on Saudi energy sites amid renewed Mideast hostilities

TL;DR

  • Oil prices rose on Tuesday.
  • The increase was due to worries over escalating Mideast tensions.
  • These tensions were heightened after the U.S. and Iran traded strikes over the weekend.