18 Hrs
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المشهد العربي
Global oil prices climb due to energy supply concerns
Global oil prices have risen significantly due to concerns over how geopolitical tensions in the Strait of Hormuz might impact energy supplies. Iran has started targeting commercial ships, leading to an escalation of these attacks in recent days. The price of Brent crude reached approximately $106.33 per barrel, up by $0.46, while West Texas Intermediate (WTI) was at $94.73, an increase of $0.59. These price gains come amid regional tensions and preparations for new oil and gas discoveries in Greenland, while stock markets are experiencing consecutive declines.
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