Oil rises due to Iran tensions
Oil prices rose significantly, with Brent crude surpassing $90 per barrel, amid escalating attacks between the United States and Iran and their impact on energy shipments passing through the Strait of Hormuz. The US Central Command announced that it had carried out the ninth phase of strikes on Iranian targets, aiming to reduce Iran's ability to attack commercial ships in the region. As a result of this escalation, Brent futures prices increased by 3.05% to a record high since June 11, and the market is reacting to the potential deterioration of oil supplies amid the ongoing and serious conflict in the region.
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