Oil Prices Surge Over 3% Amid Rising Middle East Tensions

Oil prices have increased by more than 3% as tensions in the Middle East escalate, with the United States deploying additional military forces to the region. According to RTHK, the market is increasingly concerned about the potential for conflict. Earlier, Brent crude oil in London was priced at $72.89 per barrel, marking a 3% rise. Meanwhile, New York crude oil was reported at $67.57 per barrel, reflecting a 3.6% increase. Additionally, spot gold was priced at $5215.49 per ounce, showing a rise of over 0.5%.