19 Hrs
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وكالة صدى نيوز
Oil rises 9% in a week Brent surpasses $104
Oil prices declined on Friday, but they recorded weekly gains of around 9%, driven by escalating attacks on shipping routes in the Middle East and fuel supply disruptions caused by Iran's conflicts and attacks on Russian and Ukrainian refineries. It was added that tensions with Iran, including attacks on ships and negotiations over navigation management in the Strait of Hormuz, led to market fluctuations, with the number of ships passing through the strait falling to its lowest level since May. Some institutions also anticipate a potential increase in oil prices as energy prices continue to rise due to the war, while risks remain due to political and economic volatility and regional tensions.
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