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الحقيقة الدولية
Oil prices climb amid Middle East supply worries
Oil prices have risen significantly amid renewed concerns over potential disruptions to oil supplies in the Middle East due to escalating tensions between the United States and Iran, especially after intensified fighting and exchanges of attacks between the two countries. Brent crude prices increased by 0.6%, reaching $91.05 per barrel, while West Texas Intermediate rose by 1% to $86.59. It is expected that prices will remain above $80 in 2026 due to shipping disruptions and security tensions in the region. Shipping through the Strait of Hormuz has deteriorated, with the number of passing ships dropping to five daily, amid ongoing mediation efforts to reopen this vital waterway for global oil supplies.
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