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 أخبار الخليج
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Oil gains following Oman ship attack

Oil gains following Oman ship attack

Oil prices rose by about 1% after an oil cargo ship was targeted with an unidentified projectile near Oman, raising concerns about a return of Gulf oil flows to pre-US-Israeli war levels on Iran. This is especially significant since the Strait of Hormuz used to transit five of the world's oil supplies before the war. While oil futures prices declined at the start of trading, they then rebounded, approaching pre-war levels, with Brent reaching $74.67 per barrel and West Texas Intermediate $71.50. According to the US Energy Secretary, vessel transits through the Strait of Hormuz have returned to pre-war levels, but full recovery will take weeks, as authorities investigate the incident involving a ship hit by an unknown projectile near Oman.

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