Brent crude rises over 3%, nearing $110 per barrel again
Qiyas summary
Oil prices rose amid fears of supply disruptions in the Middle East and the Strait of Hormuz.
Translated by Qiyas from السياسة — Original source
Oil prices rose by more than 3 percent during Friday’s trading, with Brent crude approaching $110 per barrel amid growing concerns over oil supplies from the Middle East.
Reuters reported that Brent crude futures climbed to $109.34 per barrel, supported by fears of supply disruptions amid ongoing geopolitical tensions in the region.
The rise comes as markets await developments in the Middle East, particularly risks to shipping and oil supplies through the Strait of Hormuz.
