16 Hrs
Source:
البلاد
Oil declines for second week Brent under $84
Oil suffered a loss for the second week, as Brent crude fell below $84 per barrel amid uncertainty about the future of the Strait of Hormuz. This comes after reports of Iran attempting to hinder the passage of American and Israeli ships through the strait, which handles about 20% of global oil supplies. Despite some sessions seeing rising oil prices due to fears of escalation between Iran and the United States, the market remains driven by the possibility of reaching a deal to de-escalate tensions. This has led to sharp price fluctuations and calls to assess the potential for fully opening the strait.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)