Friday, July 24, 2026

Oil prices hit $100 for the first time since May

Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies.

Brent crude - the global benchmark for oil prices - rose more than 6% on Thursday following several days of increases as the US stepped up military strikes against Iran.

Prices spiked after Houthi militia in Yemen attacked oil tankers in the Red Sea, threatening a key export route that Saudi Arabia has used to bypass the Strait of Hormuz.

2 comments :

  1. Iran launched missiles toward US bases in the Middle East.

    ReplyDelete
  2. Secondo quanto riferito da funzionari iraniani e iracheni al New York Times, l'Iran ha respinto una proposta di cessate il fuoco avanzata dal presidente Trump e recapitata a Teheran dal primo ministro iracheno.

    Il fallimento del tentativo di mediazione è avvenuto mentre Trump minacciava di intensificare la guerra e di colpire le infrastrutture critiche dell'Iran.

    ReplyDelete

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