Oil prices vary amid Middle East tensions

The article discusses the variation in global oil prices at the end of the week, which temporarily increased due to concerns over potential disruptions to Middle Eastern supply resulting from American strikes on Iran and escalating Israeli threats toward Tehran. Conversely, prices declined following Russian President Putin's statements expressing openness to peace negotiations with Ukraine. The report indicated that Brent crude futures decreased by 0.12% to $95.52 per barrel, while West Texas Intermediate futures rose by 0.32% to $91.30, amid a decline in maritime shipping volume through the Strait of Hormuz. The report also noted that 18 people were killed in American airstrikes on Iran, and global oil inventories fell, supporting price increases. Additionally, there were Israeli warnings of a possible escalation against Iran and Russian statements suggesting the potential for a peace agreement to end the conflict in Ukraine.

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