WTI Oil Price Breaks $100 Again

 As the Iran war enters its third week, the most severe disruption in global oil transportation in history continues. Due to the Trump administration's suggestion that the war with Iran may continue for several more weeks, international oil prices have risen again.

 On Monday morning, the global benchmark Brent crude oil price rose by 2.9% at the opening, reaching approximately $106.12 per barrel; the U.S. WTI crude oil price rose by 2.6%, breaking through the $100 per barrel mark, reaching $101.53 per barrel.

 Analysts at Goldman Sachs said that the surge in oil prices caused by the conflict in Iran could reduce global economic growth by about 0.3 percentage points and push up inflation rates over the next year. However, the pressure on price increases may be limited to the energy sector in the short term.