A key energy sector indicator has oil back over $100 per barrel in the wake of the Iran War, marking a return to the peaks from the early days of the conflict.As of press time, Brent Crude Oil stood at $100.83 per barrel. Though down from a high of $116.78 from earlier this month, the renewed surge marks the recovery of gains lost as President Donald Trump attempted to calm markets.
This figure stands in defiance of the planned easing of Russian oil sanctions and the release of strategic reserves. At present, the U.S. has been unable to reopen the Strait of Hormuz.
Ships attempting to navigate the critical waterway have come under fire from Iranian forces, which have attempted to shutter nearly all commerce in the maritime region.
Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.
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