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شبكة راية الإعلامية
Oil exceeds $90 amid Strait of Hormuz tensions
Oil prices saw a significant increase at the start of Asian trading today, Monday, amid escalating military tensions between the United States and Iran. This has heightened concerns over potential disruptions to energy supplies through the Strait of Hormuz, one of the world's most crucial shipping passages. Brent crude rose by more than 3%, surpassing the $90 per barrel mark, reaching its highest level since mid-June at $90.79. Meanwhile, West Texas Intermediate crude reached approximately $84.70, with gains exceeding 15% over the past week—its largest weekly increase in several months.
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