a few seconds agoOil prices rise again, attacks between US and Iran threaten transit to Hormuz Strait
Periskopi(2 hours ago)
(2 hours ago)Oil prices have risen significantly after the recent escalation of hostilities between the United States and Iran.
The raw Brant oil, the main international index, increased by about 0.9%, as US and Iran's bilateral attacks over the weekend aroused doubts about a return to the normality of shipping in the Hormuz Strait.
The upcoming oil contracts Brant for surrender in August stood at $73.21 per barrel, 127 cents higher than a day before the US and Israel started their fight against Iran on 28 February.
Asian stock markets had different changes, with losses in Tokyo and Seoul and profits in Hong Kong and Taipei.
Japanese and Korean shares related to Al's boom saw some of the biggest losses amid heated debate if massive investments of emerging technology companies will produce results, Telegrafi reports, broadcast Periscope.
South Korean memory chips giants Samsung Electronics and SK Hyks, respectively, dropped by about 5% and 4%.
Otherwise, the US Central Command announced attacks against Iran on Friday and Saturday, citing Iranian attacks on two commercial ships at the Hormuz Strait, which in peacetime serves as a channel for about a fifth of the global oil trade and liquid natural gas. /Periscope/
