Oil prices rise amid tanker strikes in Strait of Hormuz
Oil prices rose with Brent nearing $73 and WTI around $69 following attacks on vessels in the Strait of Hormuz. The incidents highlight ongoing risks to maritime traffic, impacting global oil supply chains.
after close1 source ↓written by the desknot a recommendation
- per barrel
- $73
- hovered near
- $69
Oil prices increased as tensions escalated in the Strait of Hormuz following attacks on vessels. Brent crude approached $73 per barrel, while WTI hovered near $69. A natural gas carrier, Al Rekayyat, was struck, causing a fire, and Iran reportedly fired missiles at commercial ships, raising concerns over shipping safety in this critical waterway.
Not investment advice. For informational purposes only.