Citi forecasts Brent crude could spike to $150/bbl, with near-term prices hitting $120/bbl amid geopolitical tensions and supply risks.

Brent crude oil prices remain above $110 a barrel as geopolitical tensions between the US and Iran escalate, impacting global markets and currencies.

Crude oil prices remained stable as US-Iran tensions persist, with Citi predicting Brent could surge to $120 per barrel due to disrupted Middle East oil supplies.