Oil prices rise as tensions escalate in the Middle East
Photo - M.A.N.
Oil prices rose on Thursday, driven by escalating tensions in the Middle East, which fueled concerns about the conflict’s persistence and the duration of disruptions to crude oil flows through the Strait of Hormuz.
Brent crude futures rose 4.86 percent, or $4.47, to $96.45 a barrel by 07:33 GMT, after earlier in the session breaching the $100 mark.
U.S. West Texas Intermediate crude also rose to $91.30, an increase of $4.05, or 4.64 percent.
Brent had reached $119.50 per barrel last Monday, its highest level since mid-2022, before falling on expectations that the ongoing war in the Middle East would end soon.
Related Articles
Morocco's Agricultural Bank Wins International Award for Excellence in Financial Transactions
Apr 2
Morocco’s investment fund assets remain stable as subscriptions rise in January 2026
Apr 2
Gold prices have fallen below $5,000 an ounce
Mar 18
Exchange rates for major foreign currencies against the Moroccan dirham
Mar 18
Morocco is an important trading partner for the Spanish port of Castellón
Mar 17
Casablanca Stock Exchange Trading at the Close
Mar 17
Rising oil prices are putting pressure on the global aviation sector and threaten to drive up ticket prices
Mar 17
Oil prices rise by more than 2% amid supply concerns in the Strait of Hormuz
Mar 17
Gold prices rise as the dollar and U.S. Treasury yields fall
Mar 13