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Oil prices rose by four dollars per barrel today, Thursday, amid escalating tensions between the United States and Iran and reports of no progress in negotiations between the two sides. There is also concern over shipping activity through the Strait of Hormuz and the potential imposition of a U.S. ban on diesel exports, despite the White House's denials. Consequently, Brent crude contracts increased to $107.10 per barrel, while U.S. contracts rose to $95.64, amidst ongoing political and economic tensions and their impact on the global oil market.
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