24 Hrs
Source:
المشهد العربي
Oil prices increase Monday close
Oil prices rose by approximately 5% on Monday due to Iran and the United States exchanging demands for compensation, which dampened hopes of reaching an agreement to open the Strait of Hormuz. Iran demanded the lifting of sanctions and the fulfillment of its conditions in exchange for opening the vital waterway, while Trump requested compensation for damages caused. Brent crude jumped to $87.72 per barrel, and West Texas Intermediate futures rose to $82.13, reflecting political tensions and developments that are impacting the global oil market.
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