35 Days
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بوابة الوسط
Source: بوابة الوسط
35 Daysبوابة الوسط
Source: بوابة الوسط
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Oil prices rose on Friday due to escalating military confrontations between the United States and Iran in the Gulf, amid concerns over potential disruptions to oil supplies through the Strait of Hormuz and the possibility of the Houthis shutting down export routes in the Red Sea. Brent crude increased by 0.8%, reaching $84.93 per barrel, while West Texas Intermediate climbed by 1% to $79.76, with weekly gains nearing 12%. This comes after a significant American escalation against Iran through airstrikes and targeting sites near the Iranian coast, amid fears that these tensions could impact the global oil market, especially as the Red Sea may become a major zone of instability.
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