Brent Crude Oil Surpasses $100 Per Barrel
Brent Crude oil prices increased by 2.2% to reach $107.60 per barrel. National oil prices reached 120 dollars, representing a cumulative increase of over 55% since the start of the conflict between Iran and the United States. Aviation kerosene prices have also spiked globally. During the first month of the war, average values doubled. Petrobras announced a 55% price adjustment for national fuel supplies. Airlines in Europe, India, New Zealand, and the United States have begun canceling flights due to rising fuel costs. Lufthansa expects to cancel 20,000 flights in the coming months. Middle East tensions are driving up international oil prices. The conflict with Iran is causing internal division and weakening support among conservative factions even in Mahaga. US political polarization is expected to intensify following recent developments.
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