Oil rises amid US-Iran tensions
Global oil prices have risen due to escalating tensions between the United States and Iran following a series of military strikes, sparking concerns about the stability of energy supplies in the Gulf region. Brent crude increased by 0.69% to reach $72.49 per barrel, while West Texas Intermediate rose by 1.05% to $69.96. Focus remains on the impact of the situation in the Strait of Hormuz, through which a significant portion of global oil exports pass. The heightened tensions have led to a slowdown in oil shipments through the strait, fueling fears of potential disruptions to worldwide supplies.
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