Crude oil hits six-week peak
Maritime traffic through the Strait of Hormuz has slowed to its lowest level in several weeks, amid escalating tensions between Washington and Tehran and exchanges of fire between them, increasing the risk of disruptions to oil passage through the strait. Additionally, the price of US natural gas has fallen to its lowest level in six weeks, while gasoline and diesel prices continue to rise despite stable oil prices, due to internal factors and additional costs linked to the ongoing conflict between the United States and Iran. This development occurs as Iran continues to mobilize its forces near its nuclear facilities, and tensions escalate, potentially leading to widespread impacts on the global energy market.
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