Iraq's oil exports drop 75% amid Strait closure
Oil prices rose significantly amid fears of a closing of the Strait of Hormuz, with the price jumping to around $90 due to escalating tensions and Iran's statements about preventing ships from passing through the vital passage. In contrast, gold prices fell by more than 1% as a result of the rise in oil prices and market unrest. Meanwhile, the escalation in Gaza continued, with ongoing airstrikes resulting in the martyrdom of 12 people and injuries to several others. Additionally, the occupation exploited the detachment decisions at "UNRWA" to dismiss employees under the guise of security concerns.
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