The Iran conflict has driven global petrol prices higher. Brent crude peaked at $110-$118 per barrel before settling around $90-$95. Countries including Malaysia, Pakistan, the UAE, the UK, and the US experienced significant price increases. Analysts estimate the probability of a new all-time high by September 30 remains low, with slightly higher prospects by December 31. Developments in the Middle East and decisions from OPEC, the IEA, and Saudi Arabia’s energy ministry will be closely monitored.
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