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الاقتصادية
Oil Steady Amid Strait Tensions
Oil prices have risen for the sixth consecutive day amid growing doubts about the possibility of reaching an agreement to restore oil flows through the Strait of Hormuz, despite optimistic statements from some officials. Brent crude surpassed $89 per barrel, having increased by 12% over the previous five sessions, while WTI crude was trading above $84. Markets remain cautious about any potential agreement, amid ongoing tensions between the United States and Iran and the impact of the Russia-Ukraine war on oil product prices. The Energy Information Administration (EIA) projects that oil export disruptions could reach 600,000 barrels per day by the end of 2027. The strait continues to be a significant point of strain, with oil traffic significantly reduced; some tankers are still passing through the Gulf with transmitters and receivers turned off, amidst ongoing military movements in the region.
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