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المشهد العربي
Global oil prices climb amid supply fears
Global oil prices rose on Tuesday following renewed concerns over supply disruptions in the Middle East due to escalating tensions between the United States and Iran. Data showed the number of ships passing through the Strait of Hormuz dropped to just 5 on Monday, compared to an average of 14 ships per day over the previous ten days, with an approximate flow of 6 million barrels per day through the strait—significantly lower than levels before the current escalation. The price of Brent crude for November delivery reached $92.27 per barrel, up by $1.78 (2.0%), while West Texas Intermediate (WTI) climbed to $87.97 per barrel, an increase of $2.21 (2.55%).
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