Brent Crude Hits Highest Price Since US-Iran Ceasefire

Brent crude oil prices reach $105 per barrel, the highest since the US-Iran ceasefire began in early April 2026. The ongoing conflict is impacting Gulf crude production and causing concerns for businesses and consumers, with companies reporting a cautious outlook amidst rising costs. The situation has also affected the German economy significantly.

Read the full story at The Guardian AU→