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الدستور
Oil surges over $3 after Hormuz attacks
Oil prices surged sharply following new attacks in the Strait of Hormuz, with Brent crude reaching $107 per barrel after a 2.8% increase, and West Texas Intermediate (WTI) recording $102.34 after a 2.3% rise. This comes as tensions in the Middle East escalate, including Saudi Arabia shutting down a pipeline and an Iranian tanker being attacked in the strait, raising fears of disrupted energy supplies. Clashes and security threats continue in the region, with the deteriorating security situation impacting global shipping and oil movements.
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