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Oil prices rise amid security concerns over Strait of Hormuz
Brent surpasses $107 per barrel supported by fears of military operations and supply disruptions
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YA
Yusuf Al-Saadi
· 2 min read
Oil prices rose 1.6% as Brent crude topped $107 per barrel.
The increase followed reports of security concerns in the Strait of Hormuz and claims about potential military operations against Iran, according to local media outlets.
President Trump's visit to China has heightened tensions surrounding regional supply issues.
Sources — how we know this
- PrimaryTRT Haber