Iran Oil Blockade Sparks Global Market Concerns Over Rising Prices

Here is a rewritten version of the news article in a neutral newsroom style:

Oil Prices Rise Above $120 Due to Reports of Extended Iran Blockade

The price of Brent crude oil has surged above $120 per barrel, according to recent reports. The increase is attributed to concerns over an extended blockade on Iranian ports by the US military.

According to sources, President Trump is set to brief his advisors on potential action against Iran. The move comes amid heightened tensions between the two nations.

Reports suggest that the blockade has disrupted global oil supplies, leading to a sharp rise in prices. Oil markets are closely monitoring the situation, with many analysts warning of potential long-term consequences for the energy sector.

The US military’s actions have sparked concerns among world leaders, including Russian President Vladimir Putin, who has warned of “dire consequences” if the situation escalates further.

As the situation continues to unfold, oil prices remain volatile, with traders and investors closely watching developments in the region.

Source: Google News World