54 Days
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عين ليبيا
Strait of Hormuz Crisis Sparks Fears Over Energy Supplies and Causes Global Oil Prices to Rise
Oil prices continued to rise during today’s trading session, as tensions in the Gulf region led to an increase in the prices of both Brent crude and West Texas Intermediate American crude. Brent contracts rose by 0.84% to $85.44 per barrel, while U.S. crude futures increased by 0.55% to $79.78 per barrel, amid concerns over potential energy supply disruptions resulting from the re-imposition of a naval blockade on Iranian ports by the United States and renewed clashes in the Strait of Hormuz.
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