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اقتصاد| الجزيرة نت
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اقتصاد

2026-09-15T07:24:26.000Z

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Iraq-US Hormuz oil accord

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23 Hrs2026-11-09T00:18:00.000Z
Iraq-US Hormuz oil accord
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Oil increases on supply concerns

Oil increases on supply concerns

Concerns about a potential decline in global oil supplies, coupled with intensified attacks on Saudi Arabia's oil infrastructure, led to a rise in oil prices today. Brent crude increased to around $107.70 per barrel, while West Texas Intermediate futures rose to $103.31. This comes amid the disruption of the East-West pipeline following attacks by the Houthis, which has impacted cargo movement through the Strait of Hormuz and the Bab el-Mandeb Strait, and threatens to cut 4% of global oil supplies if the disruption continues.

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