Oil prices rise above $108 after Hormuz attack
after close1 source ↓written by the desknot a recommendation
- per barrel following
- $108
- WTI also rose
- 2.3%
- $102
Brent crude surged above $108 per barrel following an attack on a merchant vessel in the Strait of Hormuz and the temporary shutdown of Saudi Arabia's East-West pipeline. This pipeline is crucial for transporting crude to Red Sea ports, heightening concerns over Middle East supply routes. WTI also rose 2.3% to around $102.
Not investment advice. For informational purposes only.