World Oil Prices Reached a Maximum
On January 29, the price of the April futures for Brent crude oil reached $71 per barrel, marking a significant increase, according to data from the London ICE exchange. At 17:03 Moscow time, the price was $71.01, which is 3.82 percent higher than the closing level of the previous session. Such high prices were last observed on August 1, 2025. The rise in Brent quotes is a result of geopolitical instability in the Middle East. In light of mass protests in Iran, U.S. President Donald Trump