23 Hrs
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الوئام
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US action and China's move raise oil prices
Oil prices surged by more than 4% following American actions and Chinese measures. The United States announced its intention to send additional military equipment to the Middle East, including a third aircraft carrier and up to 10,000 troops, raising concerns about the sustainability of global fuel supplies. In response, China decided to halt exports of oil products, leading to increased tensions in the oil market—especially amid ongoing pressure on refined fuels and diesel due to Russia's export ban and rising demand for fuel amid continued geopolitical crises. As a result of these factors, Brent crude rose to approximately $102.31 per barrel, and West Texas Intermediate reached around $92.87, with expectations of further volatility and market pressures.
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