Brent Prices Spike On Concerns Of Prolonged Iran Conflict

(MENAFN- Investor Brand Network) On Thursday, the price of Brent crude jumped to its highest in four years as fears of an escalation in the military conflict between the United States and Iran worsened. The conflict has disrupted shipping through the Strait of Hormuz where 20% of global oil supplies transit as they head to international markets.

For companies like Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) with vested interests in the energy sector, the situation in the Gulf is something they will track closely given the outsized impact the...

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