14 Hrs
Source:
الكتائب اللبنانية
Oil Gains Amid US Iran Tensions
Tensions between the United States and Iran led to rising oil prices, as Iran announced the closure of the Strait of Hormuz following U.S. airstrikes inside Iran. This caused Brent crude to climb to $93.18 per barrel and West Texas Intermediate to $90.28. Despite these developments, commercial ships continued to pass through the strait, and U.S. oil inventories decreased by 7.2 million barrels, amid threats of escalating military actions and the potential disruption of global oil supplies.
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