3 Days
Source:
الاقتصادية
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Oil exceeds $90 amid Hormuz tensions
Oil prices surged by more than 4%, reaching their highest level since June, amid escalating hostilities between the United States and Iran over the Strait of Hormuz. This includes attacks on ships and assaults on oil facilities in Kuwait and Oman. American forces continue to carry out strikes against Iran to halt its attacks on ships and civilians, while some Iranian ships have stopped after ignoring warnings and being involved in incidents. These escalations have led to a drop in global oil inventories to their lowest levels, raising fears of a supply crisis. Meanwhile, gold remains steady at $4,030 per ounce, despite expectations of U.S. interest rate hikes to control inflation.
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