32 Days
Source:
وكالة موازين نيوز
Oil prices decline as markets assess the impact of new US attacks on Iran
Oil prices declined today, Thursday, as investors assessed the risks resulting from new American strikes on Iranian military sites, which raised concerns over potential escalation and disruption of oil supplies through the Strait of Hormuz. After rising at the start of the session to its highest level in a month, Brent crude fell by 24 cents to $84.95 per barrel, while West Texas Intermediate dropped to $79.45. The worsening security situation and Iran's warnings of obstructing energy exports have increased market volatility, with the number of ships passing through the Strait of Hormuz decreasing to seven from thirteen the previous day, amid ongoing tensions between Washington and Tehran. Analysts anticipate prices will rise if tensions persist, while the market fears supply disruptions and a decline in global inventories.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)