Braak: Oil Nears $100 Gasoline Close to $30

The rise in oil prices to the $100 level and the approaching $30 mark for a liter of gasoline are due to escalating military tensions in the Arabian Gulf and Turkey, along with negative developments in the Russia-Ukraine war. This has heightened fears of a decline in global oil supplies. George Al-Barakass, the head of fuel owners syndicate, confirmed that Lebanon is on the brink of paying $30 to purchase gasoline, with the increased prices affecting the domestic market.

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