23 Days
Source:
وكالة بغداد اليوم الاخبارية
Oil prices rise to $88 for the first time in four weeks, reports Baghdad Today News Agency
Oil prices have risen significantly today, with Brent reaching $88 per barrel for the first time in over four weeks, amid escalating tensions and attacks between the United States and Iran in the Gulf region, particularly in the Strait of Hormuz. Oil prices have increased by more than 15% this week, as flows have been affected by the intensifying attacks. Meanwhile, Tehran has called on the Houthis to prepare for a potential closure of the Red Sea export corridor. The current increases indicate a continued upward trend in oil prices driven by military tensions in the region, with expectations of further weekly gains for crude oil.
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