Iran Oil Prices Hold Near Four-Year Highs After U.S. Frees 140 Million Barrels
Washington’s move to temporarily release around 140 million barrels of stranded Iranian crude didn’t stop oil’s climb. Brent settled at $112.19 a barrel on Friday—levels last seen in July 2022. “The White House is running out of options,” Brett Erickson at Obsidian Risk Advisors said, pointing to the continued squeeze at the Strait of Hormuz.
