Oil Prices Hold Near Six Week Highs

Oil prices hovered near six week highs as tit-for-tat attacks between the US and Iran disrupted crude flows in the Middle East. Brent futures rose toward $100 a barrel following strikes in the Strait of Hormuz.

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FILE PHOTO: A drone view of a pump jack and drilling rig south of Midland, Texas, U.S. June 11, 2025.

Crude oil prices hovered near six-week highs on Monday afternoon, pushing toward $100 a barrel as military strikes between the United States and Iran disrupted maritime traffic in the Middle East.

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