Global (HRNW) – Crude oil prices have increased again in the international market amid uncertainty surrounding the Iran-related conflict and the fragile situation of a possible ceasefire.
According to reports, after two consecutive days of decline, Brent crude oil rose by 81 cents on Thursday, reaching $105.83 per barrel. Similarly, US West Texas Intermediate crude oil increased by 97 cents, trading at $99.23 per barrel.
Experts say that ongoing tensions between Iran and the United States and Israel, along with uncertainty over a potential ceasefire, have created instability in the global energy market.
Additionally, reports of declining US crude oil inventories have raised further concerns about global supply, prompting renewed investor activity in oil markets.
Energy analysts warn that if tensions in the Middle East continue, oil prices may rise further in the coming days, potentially impacting global inflation, transportation costs, and overall economic stability.
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