46 Days
Source:
وكالة الأنباء الليبية
Oil prices rise for the fourth consecutive day amid fears of US-Iran escalation
Oil prices have risen for the fourth consecutive time due to escalating tensions between the United States and Iran. This follows U.S. airstrikes targeting Iranian military facilities, which have increased fears of a widespread confrontation that could impact oil supplies through the Strait of Hormuz. The price of Brent crude oil reached $85.28 per barrel, while West Texas Intermediate extended its gains to $80.02, with expectations that prices could rise to between $85 and $87 depending on how the conflict unfolds. Concerns deepened after renewed hostilities between the two sides, with indications that Iran might use its allies to close the Bab el-Mandeb Strait, posing a threat to critical energy routes.
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