Oil prices hit their highest since January, fueled by the escalating conflict between the US and Iran, sparking supply fears.
Raluca Ioana Draghici
Economy
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Oil prices rose sharply, with Brent hitting $78.93 a barrel and WTI $75.73, amid escalating conflict in the Middle East after the US attacks on Iran. The tensions have sparked fears that Iran could close the Strait of Hormuz, a crucial point for global oil supplies. Goldman Sachs estimates the price of Brent could temporarily reach $110 a barrel in the event of major disruptions. Since the conflict began on June 13, prices have risen 13% for Brent and 10% for WTI.
Sources
Prețul petrolului a crescut la cele mai înalte niveluri din ianuarie încoace, ca urmare a situației din Iran
Prețul petrolului urcă la cel mai ridicat nivel din ultimele cinci luni, pe fondul tensiunilor dintre SUA și Iran
Prețul petrolului crește, dar moderat, după intrarea SUA în război împotriva Iranului
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