8 Hrs
Source:
الاقتصادية
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Oil up 2% as US considers Iran options
Oil prices rose by 2% today, Thursday, influenced by a report indicating that the United States requested the Pentagon to prepare options for striking Iran before the midterm elections, following a storm that led to the shutdown of part of the oil production in the Gulf of America. Brent crude increased to $102.5 per barrel, and West Texas Intermediate (WTI) rose to $90, amid fluctuations in Middle Eastern oil flows and increased Iranian attacks on ships. At the same time, Gulf of America producers halted more than 510,000 barrels per day due to Storm Isaias, which is expected to turn into a Category 2 hurricane, adding to the pressure on the oil markets over the past months caused by regional tensions and strikes.
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