1 Day
Source:
CNN Arabic
Oil rises above $90 amid war concerns
Oil prices have risen again above $90 per barrel, amid declining hopes for a quick resolution to the US-Iran conflict. Brent crude reached $91 per barrel, the highest level since late July, while West Texas Intermediate oil topped $85. This follows the expiration of the ceasefire agreement signed between Washington and Tehran, which was not extended, and increased tensions with threats from Trump to strike Oman. As a result, US bond yields have climbed to their highest levels in two decades, and oil prices are expected to remain high due to ongoing tensions and conflict in the Strait of Hormuz.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)