🔻Oil prices reach $110 per barrel for the first time since May (Ordibehesht).

According to economic analysts, the price increase is due to concerns about intensifying tensions in the Middle East.

On Friday, Brent crude oil futures rose by $3.94 to $109.86, the highest level since May 19 (29 Ordibehesht).

At the same time, U.S. West Texas Intermediate (WTI) crude oil futures also rose by $3.44 to $101.41, the highest level since September 17 (26 Shahrivar).

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