37 Days_1777293978995_62445876.jpg&w=48&q=75)
Source:
أخبار الخليج
Oil Prices Reach Highest Levels Since Mid-June
Oil prices are showing an unprecedented rise since mid-June, with futures contracts for Brent crude reaching $84.76 per barrel and West Texas Intermediate (WTI) at $79.43. This increase follows Iran's request to the Houthi movement in Yemen to prepare for the potential closure of the Bab el-Mandeb Strait in the Red Sea, should the United States launch an attack on Iran's infrastructure. This threat is considered a serious escalation that endangers global energy supplies, especially as markets are worried about the possibility of disrupting key oil export routes in the Middle East. In June, oil shipments through the strait amounted to 7.4 million barrels per day, approximately seven percent of the world's production.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)