57 Days
Source:
عين ليبيا
Oil prices surge after Trump announces naval blockade against Iran and tariffs on Strait of Hormuz crossing
Oil prices in the United States rose sharply after U.S. President Donald Trump announced the reimposition of a naval blockade on Iran and the implementation of a 20% tariff on goods passing through the Strait of Hormuz, in order to cover shipping security costs. As a result, Brent crude increased by 5.34% to $80.07 per barrel, and West Texas Intermediate (WTI) crude rose by 5.24% to $75.15, amid fears of escalating tensions in the region and their impact on global energy supplies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)