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الاقتصادية
Oil stays near five-month peak amid Hormuz tensions
Brent crude prices fluctuated near their highest levels in five months amid risks of escalating tensions in the Strait of Hormuz and continued oil flows from the Arabian Gulf despite hostile actions. Data showed that Brent was trading around $110 per barrel, while West Texas Intermediate rose to approximately $99, even as Iran hardened its stance regarding control of the Strait of Hormuz to safeguard its security, and despite assurances that oil shipments have remained strong, recovering about 80% of their previous levels. Prices remain vulnerable to further increases due to escalating attacks on tankers and infrastructure, even as Iraq increased its oil exports to over 3.4 million barrels per day, amidst ongoing geopolitical tensions in the region.
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