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The article addressed a slight increase in oil prices following U.S. threats to continue the maritime blockade on Iran, which rekindled concerns about global oil supplies. Brent crude prices rose by 0.1% to $87.16 per barrel, while West Texas Intermediate prices increased by a similar margin to $81.29. These movements came after a previous decline in prices due to weak global demand expectations, alongside Iran’s ongoing restrictions on the Strait of Hormuz, through which 20% of the world's oil previously passed. Washington reaffirmed its intention to impose unprecedented economic measures on Iran, amid ongoing tensions caused by attacks on oil tankers in the region.
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