# Brent Crude Rises as US-Iran Tensions Escalate
Brent crude oil prices have increased by more than three percent amid ongoing fighting between the US and Iran. At midday trading, Brent crude was trading at just under $78 per barrel following an announcement by Trump regarding the resumption of a blockade on Iran.
The price movement reflects market response to the escalating tensions between the two countries. While crude oil prices rose, gold prices moved in the opposite direction, declining during the same period.
The blockade resumption appears to be a significant factor driving the oil market's reaction, as sanctions and trade restrictions on Iranian oil typically constrain global supply and put upward pressure on prices.
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