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البلاد
Oil prices climb with ship attacks
Oil prices rose today, Monday, due to escalating attacks on ships in the Strait of Hormuz, threatening global oil supplies. Brent crude increased to approximately $97.05 per barrel, while West Texas Intermediate rose to $92.27. Last week, prices had already surged significantly amid heightened tensions between the United States and Iran, leading to a decline in oil flows through the strait. It is expected that the confrontation will continue for a prolonged period, potentially delaying the return of Middle Eastern supplies to pre-conflict levels until late 2026 or early 2027.
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