24 Hrs
Source:
الرؤية
Al-Habsiyah on Oil Prices and Revenue Use
The rise in oil prices was due to escalation and tension in the Strait of Hormuz area, following Trump's threats to strike Iran, along with ongoing attacks on ships in the region. This escalation has led to an increase in global oil prices, although experts emphasize that this rise does not constitute a stable gain for producing countries, and that exploiting exceptional revenues is necessary to enhance financial sustainability. Additionally, there are concerns about potential negative repercussions of the escalation, amid shrinking oil production and forecasts of thunderstorms in some areas, as tensions in the region persist and the risk of further escalation remains high.
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