Middle East Tensions Escalate, International Oil Prices Surge
International oil prices surged on May 4th following attacks on critical energy infrastructure and oil tankers in the Middle East, signifying a significant escalation in US-Iran hostilities and jeopardizing a four-week ceasefire. Both West Texas Intermediate and North Sea Brent crude saw substantial gains.
📋 Article Processing Timeline
- 📰 Published: May 5, 2026 at 07:00
- 🔍 Collected: May 5, 2026 at 07:31 (31 min after Published)
- 🤖 AI Analyzed: May 5, 2026 at 07:33 (1 min after Collected)
US-Iran War Key News
Central News Agency
(New York, Central News Agency, May 4th, comprehensive foreign report) International oil prices surged today as important energy infrastructure and oil tankers in the Middle East were attacked, representing a significant escalation of hostilities between the United States and Iran and jeopardizing a four-week ceasefire.
The June delivery price of West Texas Intermediate (WTI) crude oil on the New York Mercantile Exchange rose by $4.48, or 4.39%, to $106.42 per barrel.
The July delivery price of North Sea Brent crude oil in London rose by $6.27, or 5.8%, to $114.44 per barrel. (Compiled by Chen Yen-Chun)1150505
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Central News Agency
(New York, Central News Agency, May 4th, comprehensive foreign report) International oil prices surged today as important energy infrastructure and oil tankers in the Middle East were attacked, representing a significant escalation of hostilities between the United States and Iran and jeopardizing a four-week ceasefire.
The June delivery price of West Texas Intermediate (WTI) crude oil on the New York Mercantile Exchange rose by $4.48, or 4.39%, to $106.42 per barrel.
The July delivery price of North Sea Brent crude oil in London rose by $6.27, or 5.8%, to $114.44 per barrel. (Compiled by Chen Yen-Chun)1150505
Choose to stand with facts; every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and audio-visual content on this website may not be reproduced, publicly broadcast, or publicly transmitted and utilized without authorization.