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صدى البلد
Global oil prices rise 2% amid US-Iran tensions
The military tensions between the United States and Iran, along with the Houthi threat of a naval blockade against Saudi Arabia, have led to a rise in oil prices of over 2%. Brent crude futures reached $91.11 per barrel, while West Texas Intermediate (WTI) was at $85.30, amid concerns about potential disruptions to oil supplies through the Strait of Hormuz and the Red Sea. Analysts expect that the escalation in the region will reintroduce risk premiums into the market and result in a decline in U.S. inventories, as two oil tankers altered their routes due to security fears.
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