24 Hrs
Source:
الاقتصادية
Oil rises on Strait of Hormuz tensions
Oil prices continued to rise following reports that Iran attacked enemy targets in the Strait of Hormuz, in an attempt to prevent U.S. ships from passing through the vital waterway. Brent crude surged above $83 per barrel, while West Texas Intermediate rose close to $78. This comes amid escalating tensions in the Middle East, where positions between the United States and Iran are diverging regarding the reopening of the strait. Additionally, the conflict has expanded to include Houthi attacks on Yemeni forces, reflecting a lack of consensus on the terms for resolving the crisis.
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