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Brent crude hits $100 for fourth week
Crude oil prices above $100 per barrel, heading towards their fourth weekly gain, due to concerns over potential disruptions in oil flows in the Red Sea and escalating conflicts between the United States, Israel, and Iran. It was announced that the Houthis targeted two Saudi oil tankers in the Red Sea, increasing tensions and market anxiety regarding oil supplies. Additionally, the number of oil tankers passing through the Strait of Hormuz has fallen to its lowest level since May, amid rising tensions in the Gulf. Iranian threats, according to analysts, pose a risk to global oil flows as military conflicts continue and dangers to key shipping routes increase.
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