Economy19:36 · 17m ago
Oil Prices Surge Nearly 5% Following US Sanctions and Iran Strait Attacks
YnetCenter
Translated & summarized from Ynet by baba
The story · English
Oil prices have surged by approximately 4.5 percent after renewed US sanctions on Iran and attacks on tankers in the Strait of Hormuz attributed to Tehran. Brent crude oil is currently trading at around 75 dollars per barrel, while West Texas Intermediate (WTI) crude is priced at about 71 dollars per barrel. These developments have heightened concerns over supply disruptions in a key global oil transit route, contributing to the sharp price increase.
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