24 Hrs
Source:
Sharjah24
Oil gains amid Iran conflict uncertainty
The price of Brent crude rose by over a dollar to reach $83.55 per barrel, amid uncertainty about the outcome of negotiations to control and reopen the Strait of Hormuz, especially after Iran reviewed a bill to ban the passage of American and Israeli ships through the strait, which is one of the world's most important oil corridors. Additionally, West Texas Intermediate futures increased to $78.18, as concerns about escalation in the region continue to grow.
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