23 Hrs
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الوقائع الإخبارية
Oil expert predicts ongoing global price increase
An oil expert expects global oil prices to rise in the coming period due to continued military tensions in the Middle East, especially in the Arabian Gulf, which controls about 20% of the world's oil and gas reserves. He explained that military escalation increases transportation and insurance costs, and threats to maritime passages such as the Strait of Hormuz and Bab el-Mandeb raise shipping expenses and delay delivery times, all of which heighten the chances of price increases in the near future.
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