Oil Prices Jump Amid More Shipping Incidents in Strait of Hormuz
7 Articles
7 Articles
Brent oil prices crossed $117 per barrel in Friday trading due to concerns about escalating tensions in the Strait of Hormuz.
Prices are at their highest levels since April.
Global oil prices strengthened in trading on Friday (30/10) heading for a fourth consecutive monthly increase as concerns over global energy supplies grew due to the conflict between the United States (US) and Iran.
News Shape - Follow-up Brent's crude prices rose on Friday, exceeding $117 per barrel, in conjunction with a 2% drop in gold prices in immediate transactions to record their lowest level since November 2025. Media reported that Brent's crude exceeded $117 per barrel amid fears of renewed strikes on Iran and rising tensions...
Brent's crude exceeded $117 per barrel, amid fears of renewed strikes on Iran, raising market concerns about global oil supplies.
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