85 Days
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الصباح
Oil Prices Rise Over 3% Amid Renewed Tensions in the Strait of Hormuz
Oil prices rose by more than 3% today, Wednesday, amid escalating tension in the Strait of Hormuz and increased military confrontation between Iran and the United States. Brent crude futures for September delivery increased by 3.33%, reaching $76.63 a barrel, while West Texas Intermediate (WTI) futures rose by 3.34% to $72.79 a barrel. This surge came after the Iranian Revolutionary Guard announced attacks on American bases in Kuwait and Bahrain in response to previous strikes by U.S. forces on Iranian sites.
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