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أخبار الخليج
Oil approaches three-week high amid Strait uncertainties
The oil market witnessed a rise in prices near a three-week high, supported by tensions regarding shipping movements through the Strait of Hormuz and ongoing disruptions to global oil supplies. Brent crude reached its highest level since July 30, while West Texas Intermediate hit its highest since July 31, amid geopolitical uncertainty and a lack of information about the reopening of the vital maritime corridor. This has led to a decline in shipping volumes through the strait and increased political risks. Oil prices surged amid expectations of heightened risks in the energy market, with tensions between Iran and the United States continuing and doubts about the safe passage of vessels.
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