18 Hrs
Source:
البلاد
Brent Oil Prices Hit $91 for Fourth Day
Reports indicate that oil prices have risen for the fourth consecutive time, with Brent crude surpassing $91 per barrel. This increase occurs amid uncertainty regarding oil supplies and conflicting messages between Washington and Tehran about the extent to which the Strait of Hormuz remains open to shipping. The market is heavily influenced by developments in regional tensions, especially following the destruction of American reserves and expectations that prices will continue to rise due to the lack of progress in Iran-related negotiations. Meanwhile, Iraq is making efforts to export oil through alternative outlets to avoid the Strait of Hormuz.
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