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بوابة الشروق
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Source: بوابة الشروق
5 Hrsبوابة الشروق
Source: بوابة الشروق
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Oil prices continued to fall, with January Brent crude futures down 1.75% at $101.85 a barrel and West Texas Intermediate down 1.2% at $94.91. Markets are watching developments in the U.S.-Israeli war on Iran and diplomatic efforts by Washington and Tehran, amid fears of supply disruptions through the Strait of Hormuz. A de-escalation could ease the risk premium, while any escalation could push prices higher. Although Brent is up more than 70% since the start of the year, the return of Gulf exports has begun to weigh on the market, with near-term supply exceeding demand for the first time since July.
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