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خبرني
Oil prices rise after U.S. Iran warning
Oil prices saw a slight increase after the United States threatened to continue an unspecified naval blockade against Iran, reigniting concerns over global oil supplies. The price of Brent rose by 0.1% to reach $87.16 per barrel, while West Texas Intermediate increased by a similar margin to $81.29, despite both declining from their previous highs after experiencing drops of more than 2% in the prior session. These developments come amidst Iran's ongoing restrictions on navigation through the Strait of Hormuz, which previously handled 20% of the world's oil. Additionally, two ships owned by Abu Dhabi’s ADNOC were attacked, with the UAE government condemning Iran’s stance. Expectations suggest that both countries will continue to escalate tensions, potentially impacting oil supplies and global markets.
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