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الاقتصادية
Oil Approaches Its Largest Weekly Rise Since July
Oil prices have moved to achieve their biggest weekly gain since July, with Brent crude rising to around $96 a barrel and West Texas Intermediate increasing to about $92. This surge is driven by escalating tensions between the United States and Iran in the Gulf region. The escalation follows recent attacks, exchanges of missile strikes, and hostilities such as Iran firing rockets at Arab areas, along with Israel's readiness for any military escalation. Although the U.S. Vice President has retracted his description of the conflict as a war, analysts believe the market is re-pricing Middle East conflict risks, as some oil shipments continue to pass through the Strait of Hormuz despite higher costs and market volatility.
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