19 Hrs
Source:
وكالة الأنباء القطرية
Oil prices increase amid Strait of Hormuz closure
Oil prices rose after Iran announced the closure of the Strait of Hormuz to oil tankers, one of the world's most important energy transit routes. This move comes in the wake of recent American airstrikes. Brent crude increased by $2.30, reaching $95.40, while West Texas Intermediate rose by $2.60 to $92.63. Meanwhile, the U.S. military confirmed that ships continue to pass through the strait, denying any attacks against them.
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