Oil climbs amid Iran-US deal doubts
Oil prices rose on Wednesday morning amid growing fears of supply disruptions in the Middle East, amid doubts about reaching an agreement between the United States and Iran, and increased tensions due to attacks on ships in the Strait of Hormuz and the Bab el-Mandeb. Brent contracts increased by 0.81% to $89.63 a barrel, while West Texas Intermediate rose by 0.85% to $83.91, after gains had exceeded a dollar at yesterday's settlement. Meanwhile, American data showed a sharp increase in crude oil inventories by 9.1 million barrels, despite expectations of a decrease last week. It is expected that approximately 600,000 barrels per day of Middle Eastern supplies will remain disrupted until the end of 2027 due to tensions and geopolitical risks in the region.
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