22 Hrs
Source:
الاقتصادية
Oil rises on supply threats and tanker attack
Oil prices rose significantly after a Saudi tanker was targeted in the Red Sea, increasing tensions in the conflict between the U.S. and Iran and amplifying the likelihood of disruptions to global oil supplies. The Brent crude blend climbed by 2.7% to reach $96.50 per barrel, the highest level since early June, while WTI (West Texas Intermediate) increased to $88.50 per barrel. Saudi Arabia confirmed the safety of the ship's crew and environmental protection measures, while Riyadh condemned the Houthi threats to navigation and pledged to protect its vessels amid ongoing naval attacks that threaten the stability of oil supplies.
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