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الشارقة 24
Oil rises over 3% amid US Iran tensions
Oil markets experienced a sharp increase of more than 3.5%, following escalated tensions between the United States and Iran after a U.S. attack on Larak Island in the Strait of Hormuz. In response, Tehran launched strikes on two U.S. airbases in Jordan. Brent crude reached $91.25 per barrel, while West Texas Intermediate crude registered $86.36, as the war between the two nations entered its sixth month. These tensions have caused volatility in oil prices and heightened concerns over a potential escalation of the conflict in the region.
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