Hormuz Strait Ultimatium Regrows Oil Price

Hormuz Strait Ultimatium Regrows Oil Price

Oil prices have marked a significant increase, exceeding $117 per barrel in the American market, with an increase of around 5%, according to international media reports. The increase comes at a critical moment, just hours before the end of the deadline set by Donald Trump, who has warned it could strike [...]

Oil prices have marked a significant increase, exceeding $117 per barrel in the American market, with an increase of around 5%, according to international media reports.

The increase comes at a critical moment, just hours before the end of the deadline set by Donald Trump, who has warned that it could hit Iran's civilian infrastructure unless Hormuz Strait is reopened.

This strait represents one of the most important corridors for global oil transport, and any disruption has a direct impact on international markets.

The conflict, which began on 28 February, has caused strong fluctuations in the global economy. The effective stalemate of this maritime route from Iran, along with tensions in the region and attacks on countries rich in energy resources, have increased pressure on prices. /a2cn

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