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المشهد العربي
Oil prices climb amid renewed clashes
Oil prices increased at the close of trading following the escalation of military confrontations between the United States and Iran. Washington launched strikes on Abu Musa Island, and Tehran responded by shelling American bases in the Middle East. This escalation of tensions raised concerns over potential disruptions to global oil supplies, with Brent prices rising to $90.49 per barrel and West Texas Intermediate to $85.76, marking monthly increases of 1.28% and 2.83%, respectively. Although the U.S. administration continues to focus on imposing sanctions to encourage negotiations, the intensification of hostilities has heightened the likelihood of disturbances in the oil market.
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