Oil prices decline amid assessment of impact of new U.S. attacks on Iran
Oil prices declined on Thursday after rising for four consecutive days during the session, amid assessments of the risks resulting from U.S. strikes on Iranian military sites. These strikes have heightened fears of a potential resumption of war and disruptions to oil supplies through the Strait of Hormuz. The price of Brent crude reached $84.95 per barrel, while West Texas Intermediate was at $79.45 per barrel. There was a decrease in the number of ships passing through the Strait of Hormuz following the re-imposition of American sanctions on Iranian ports. Iran has threatened to disrupt energy exports if U.S. measures continue, posing a threat to one of the world's most vital energy corridors.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)