Conflict in the Middle East: Oil Prices at the Highest in Five Months
7 Articles
7 Articles
A barrel of North Sea oil costs more than 110 dollars again. This is due to the attacks of the Huthi rebels on targets in Saudi Arabia. But the attacks on ships in the Middle East are also increasing again.
The price of North Sea oil is over $111 a barrel, the highest since May. At the same time, two tankers are said to have been hit by mines in the Strait of Hormuz.
Oil prices have been high for more than five months on Tuesday, driven by continuing tensions in the Middle East with hostilities between Yemeni and Saudi Arabia, as well as numerous ship attacks in the Strait of Ormuz.
The last time a barrel of Brent oil cost more than $111 was in mid-May, as Yemen's Houthis continue to attack Saudi Arabia, including the Riyadh airport.
Oil prices rose during Tuesday's dealings, approaching their highest levels in five months, amid rising geopolitical concerns in the Middle East... the post oil at the highest level in five months... what about gold?
The Sumerian News: Today, oil prices jumped to their highest level in five months, driven by rising tensions in the Gulf as a result of Houthi attacks on Saudi infrastructure and reports of ships being attacked in the region.
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