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البلاد
Brent stays above $100 amid supply fears
Brent crude oil prices have surpassed the $100 mark, reaching $101.34, amid escalating tensions in the Gulf region, especially after Iran's attacks on ten ships near the Strait of Hormuz and the United States' sinking of five Iranian tankers. The escalation, including threats from Iran's Revolutionary Guard, has heightened fears of oil supply disruptions, which remain well below pre-war levels. The U.S. Energy Information Administration has raised its forecasts for oil prices this year and next, due to declining global inventories.
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