New York: (RightNow) Recent tensions between the US and Iran have led to a significant increase in global oil prices. Brent crude oil has risen by 4.87%, reaching $98.65 per barrel.

WTI crude oil prices have also surged by 3.95%, now standing at $90.26 per barrel. Experts suggest this increase could impact the global economy.

Oil prices continue to rise in the global market, with experts stating that prices may not decrease without a resolution to the tensions.

The rise in oil prices could exacerbate economic challenges worldwide, especially for countries reliant on oil imports.

It is noteworthy that US-Iran relations have been strained for a long time, often affecting global oil prices.