23 Hrs
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المشهد العربي
Oil prices rise over 1 percent
Oil prices rose by more than 1% at the start of trading, following U.S. President Donald Trump's rejection of a peace plan proposed by Iran to open the Strait of Hormuz and resolve the dispute between the two countries. The increase was reflected in the futures contracts for Brent crude, which rose by 1.74% or $1.82 to reach $106.14 per barrel, and West Texas Intermediate crude, which increased by 1.23% or $1.14 to $93.55 per barrel.
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