Washington/London (HRNW)- Due to US President Donald Trump’s recent threats and the war situation related to Iran, crude oil prices have once again seen a significant increase in the global market.
According to global reports, the price of Brent crude oil increased by 2.2%, after which its price reached $ 111.43 per barrel. Similarly, the price of WTI crude oil increased by 2.7% and reached the level of $ 114.57 per barrel.
According to experts, the increasing tension in the Middle East, fears of war with Iran and US statements have put the global energy market in an uncertain situation, as a result of which continuous fluctuations in oil prices are being seen.
Energy experts say that if tensions in the region continue, there is a possibility of further increase in crude oil prices, which may have negative effects on the global economy and especially developing countries.
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