19 Hrs
Source:
وكالة الأنباء القطرية
Oil set for second-week rise despite supply worries
Oil prices rose for the second consecutive week due to ongoing concerns about energy supplies in the Middle East, as tensions between the United States and Iran escalate and efforts to resume nuclear talks remain stalled. Brent prices increased by more than 7% over the past five days, approaching their highest levels since July 24, while U.S crude saw gains of over 8%. The market reflects continued worry over disruptions in navigation through the Strait of Hormuz and the delay in reaching an agreement between Tehran and Washington.
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