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الشروق التونسية
Oil up, gold dips amid inflation
Oil prices declined at the start of Friday's trading, but they are on track to achieve significant weekly gains, following Houthi attacks on two oil tankers in the Red Sea. The attacks heightened concerns over potential disruptions to the Bab el-Mandeb Strait, which connects the Red Sea to the Indian Ocean and is the second-largest oil transit route after the Strait of Hormuz. Despite today's decline, Brent crude rose by 13.5% over the week, and West Texas Intermediate increased by 10.9%, reaching their highest levels since May. The U.S. President threatened to impose sanctions on Iran in response to the attacks, further escalating tensions in the oil market.
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