Brent Crude Oil Tops $105 a Barrel Amid Rising Middle East Tensions, US Gasoline Prices Hit Record High
Brent crude oil prices have exceeded $105 a barrel as escalating tensions in the Middle East intensify concerns about global supplies, with Iran showing no signs of de-escalation. Concurrently, US gasoline prices reached a record high over the Labor Day weekend. Mike Reid of RBC noted that this situation puts the Federal Reserve in a difficult position.
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