Oil flow halt through Strait of Hormuz drives Brent crude prices higher
The rise in oil prices due to new American attacks on Iran, with Brent crude increasing to around $78.8 and West Texas Intermediate to $74.26, after hopes of fully reopening the Strait of Hormuz and resuming oil flow through it diminished. Reports indicate that shipping companies are becoming more cautious, as the United States carried out strikes in response to the targeting of tankers and attacked Iranian targets in retaliation for previous attacks.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)