24 Hrs
Source:
Sharjah24
Oil increases on Iran-Oman talks cautiousness
Oil prices rose today, Thursday, to approximately $79.91 per barrel amid concerns over how the outcomes of Iran-Oman talks might impact supply flows through the Strait of Hormuz. With ongoing geopolitical tensions and attacks on oil tankers in the Red Sea and Gulf of Aden, the market anticipates repercussions for global oil supplies. However, investors are closely watching the results of these negotiations, which could influence the resumption of oil exports from Iran. Meanwhile, recent attacks have heightened tensions and caused volatility in oil prices.
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