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الخليج
Oil Gains 1% Amid Middle East Tensions
Oil prices rose at the start of the week amid uncertainty over the potential closing of the Strait of Hormuz due to Iranian threats and tensions with the United States. Iran indicated that it is close to reaching an agreement with Oman to establish new navigation routes, but this is conditional on Washington meeting its demands. According to market data, Brent crude reached a high of $84.79, up 1.44%, while West Texas Intermediate (WTI) climbed to $79.29, an increase of 1.08%. Meanwhile, Houthi attacks in Yemen on oil transit routes have escalated, reflecting rising regional tensions and their impact on the global oil markets.
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