Brent Tops $106 as Iran Tensions Escalate

Crude oil prices extended their gaining streak to five days today, with Brent crude trading at $106.30 per barrel at the time of writing and West Texas Intermediate at $96.68 per barrel. Bloomberg attributed the continued price rise to President Trump’s latest social media posts, which suggest the prospect of peace with Iran remains distant. The publication cited two unnamed U.S. government officials as saying that the U.S. president’s recent social media activity and the continuing blockade of Iranian ports have not been conducive…