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Oil prices rise amid tensions
Oil prices continue to rise significantly, driven by escalating tensions between the United States and Iran in the Strait of Hormuz. The United States targeted three Iranian oil tankers, and Iran responded by striking six ships, leading to the lowest traffic in the Strait since May, with the number dropping to 10 ships per day. Despite this, OPEC+ maintained its current production policy for October, amid warnings that the ongoing escalation could disrupt the recovery of oil supplies until the end of 2026. As a result, Brent crude rose to $97.07 per barrel, and West Texas Intermediate to $92.28.
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