19 Hrs
Source:
وكالة الأنباء القطرية
Oil prices climb on Strait of Hormuz concerns
Oil prices rose today by 1.09%, with Brent crude reaching $84.46 per barrel, and by 0.78% for West Texas Intermediate to $78.79. This came amid uncertainty regarding the potential reopening of the Strait of Hormuz soon. Last week, prices had dropped by more than 7%, due to hopes that Iran and Oman might reach an agreement to reopen the strait, which previously accounted for about 5% of the world's oil before the war.
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