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Source:
وكالة بغداد اليوم الاخبارية
Oil dips from 5-month high amid Middle East tensions
Oil prices declined from their highest levels in five months, with Brent crude falling to around $108 per barrel and WTI (West Texas Intermediate) to approximately $100, despite tensions in the Middle East and ongoing supply flows. The United States continued to escort large oil shipments totaling 100 million barrels through the Strait of Hormuz last week. Additionally, the number of oil tankers anchored at the ports of Yanbu and Al Khafji on the Red Sea increased to 10 vessels, as oil exports through the East-West pipeline resumed at a rate of 5.8 million barrels per day.
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