9 Hrs
Source:
وكالة الأنباء القطرية
Oil prices climb amid unrest
Oil prices rose significantly over the week due to escalating tensions in the Middle East and renewed hostilities between the United States and Iran, raising concerns about oil supplies. Futures contracts for Brent crude increased by 7.1%, and for U.S. crude by 9.8%, marking their highest gains since July, with Brent reaching $95.67 and West Texas Intermediate $91.56. Despite this, Russian President Vladimir Putin expressed hope for reaching an agreement to end the conflict in Ukraine, believing that support from the United States and China is available to achieve a peaceful settlement.
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