22 Hrs
Source:
الاقتصادية
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Oil steady amid Middle East carrier talks
Oil prices stabilized after a two-day increase, amid the United States' preparations to send an additional aircraft carrier to the Middle East and its increased military presence in the region. This move could raise tensions with Iran and hinder the recovery of energy supplies. The price of Brent crude reached around $102 per barrel, while West Texas Intermediate was approximately $93. The market remains at risk of sharp jumps due to the high threats, especially with the potential for military escalation and an incident involving a tanker hit by projectiles in the Strait of Hormuz. Meanwhile, Iran continues to reduce its oil exports amid efforts to alleviate the global fuel shortage.
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