Brent Oil prices recorded their most significant weekly increase since April, driven by rising tensions between the US and Iran. The geopolitical strain has heightened concerns over supply disruptions, pushing commodity prices higher.
According to FX Street, Brent not only posted its biggest weekly gain since April but also extended its gains into the following morning, reflecting ongoing market sensitivity to the developments.
For Japanese investors, this surge in Brent prices comes at a critical time as energy costs influence both equities and currency markets, impacting inflation and trade balances.