World oil prices have risen sharply amid the escalating situation in the Middle East. On Thursday morning, the price of Brent crude exceeded USD 100 per barrel, just a few days after jumping to almost USD 120.
It was reported by the Associated Press.
It is noted that the quotations increased by more than 9% due to supply problems in the global market. The reason was Iran's attacks on commercial vessels in the strategic Strait of Hormuz.
At the same time, the price of the US benchmark West Texas Intermediate (WTI) rose to about USD 95 per barrel.
According to the AP, the new attacks are part of an escalation of Iran's actions, which, according to analysts, are aimed at putting pressure on the global economy and trying to force the United States and Israel to end the war, which has been going on for about twelve days. At the same time, there are no signs of a decrease in the intensity of hostilities so far.
As a reminder, Iran has called on the world to get ready for oil at USD 200 per barrel.
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