Oil prices return to crisis levels

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Prices at the pump have risen as hopes of a ceasefire evaporatedhttps://www.cityam.com/wp-content/uploads/2026/05/petrol.jpg?w=1107" />

Oil prices have returned to levels not seen since the beginning of June, after both the US and Iran warned that hopes of a return to peace negotiations were premature.

The spot price of Brent crude broke $95 a barrel on Wednesday morning for the first time since the warring parties agreed a 60-day ceasefire https://www.cityam.com/oil-prices-return-to-crisis-levels/">[...]

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