The US war on Iran should be a catalyst for governments and industries to accelerate the transition to renewables.

The West Texas Intermediate gained 0.72% to $98.57 per barrel as of 2:37 a.m. ET. Brent crude rose by 0.67% to $96.56 per barrel.

The US war on Iran should be a catalyst for governments and industries to accelerate the transition to renewables.

Oil prices and borrowing costs are expected to rise this week as tankers remain stranded in the Gulf

Across Asia, factories are closing, flagship airlines are cutting routes, and people are lining up for hours to buy cooking gas, all because of the war in Iran.