16 Hrs
Source:
عين ليبيا
Hormuz attacks boost oil prices
Oil prices rose significantly at the start of Wednesday's trading, amid reports that Iran attacked two vessels in the Strait of Hormuz using new tactics to target maritime shipping movements, heightening fears of disruptions in energy supplies. Brent crude futures increased by more than 1%, surpassing $107 per barrel, while West Texas Intermediate futures rose to $94.64 per barrel. European natural gas prices also climbed near their highest levels in four years, due to escalating regional tensions, especially with ongoing attacks on Saudi Aramco facilities and the intensification of the conflict with the Houthis.
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