14 Hrs
Source:
الخليج
Oil Closes Higher After 9% Gain
Oil prices have risen significantly over the past three days, with the barrel reaching $82, amid halted efforts to open the Strait of Hormuz, concerns over escalation in the Middle East, and pressures on Iran. Despite the surge in oil prices, the lack of an agreement to resolve the crisis increases the risks of raising U.S. interest rates to combat inflation, with the consumer price index expected to rise by 0.1% in July. The market is closely monitoring developments in the talks and economic forecasts, amid divergent expectations regarding future monetary policies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)