22 Hrs
Source:
الاقتصادية
Oil declines after Iran's attack halt
Oil prices retreated after previously rising by more than 5%, following Iran's announcement that its attacks on Israel have ended. Tehran continued to warn of more severe attacks if Israel persists with its strikes in Lebanon. Brent crude futures increased to approximately $94.52 per barrel, and Texas Intermediate to $91.57. Meanwhile, the ongoing conflict, which has lasted over 100 days, has led to a price increase of about 31-37% and heightened tensions around the Strait of Hormuz and global oil supplies.
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