9 hours agoOil prices rise over 10% after attacks near Hormuz Strait
Periskopi(5 months ago)
(5 months ago)Global oil prices rose significantly after at least three ships were attacked near Strait of Hormuz, one of the most important energy corridors in the world. According to the UK House Trade Operations Centre (UKMTO), two ships were hit, while a shell exploded near a third. The shell, through which it passes about 20% of [...]
According to the UK House Trade Operations Centre (UKMTO), two ships were hit, while a shell exploded near a third.
The storm, through which about 20% of global oil and gas is practically paralyzed, with over 150 tankers anchored in expectation. Iran has warned ships to avoid crossing, while tensions with the US and Israel continue to escalate.
In Asian markets, oil prices initially rose above 10%, while oil Brant reached $78.72 per barrel. Analysts warn that if the conflict extends and the sea flow does not return, the price could be worth $100 per barrel.
Meanwhile, the OPEC+ group has decided to increase production by 206 thousand barrels a day to ease the impact on the market, but experts remain sceptical of the real effect of the move.
Danish company Maersk has announced the departure of ships from several key maritime routes, while the situation in the region remains tense.
