18 Hrs
Source:
عين ليبيا
Oil over $100 and gold shines
Brent crude oil prices surpassed $100 per barrel for the third time this year, due to escalating tensions between the United States and Iran and rising geopolitical risks in the Middle East. The increases came after American forces destroyed five Iranian tankers and responses to an attempted attack on an American vessel, causing oil prices to rise by more than 2% and surpass 60% since the beginning of the year. Additionally, China's renewed oil purchases supported prices, as markets awaited inflation data, interest rate developments, and the impact of tensions on the market. In the same vein, gold prices rose supported by a weakening dollar, as ongoing concerns about the repercussions of conflicts on global markets and inflation persist.
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