Image: TradersUnionOil prices trade above $70 amid U.S.–Iran tensions, Mohamed A. El-Erian notes
• Brent crude oil is trading in the mid-$70s and WTI is priced above $70 per barrel. • The price increase is driven by escalating geopolitical tensions between the United States and Iran. • Market analyst Mohamed A. El-Erian notes that these tensions are currently a primary driver of market sentiment.
tradersunion.com
