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Brent crude rises to six-week highs amid U.S.-Iran war fears

Brent crude futures climbed to their highest level in six weeks, up 1% to $96.62/bbl in European afternoon trade. WTI rose 1.6% to $92.

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Brent crude futures rise to their highest level in six weeks as concerns over prolonged disruptions to Middle East flows keep the geopolitical risk premium high.

In afternoon European trading, the global oil benchmark is up 1% to $96.62 a barrel after having topped $97, while WTI rises 1.6% to $92…