Oil Prices Rise Due to the Escalation in the Middle East
17 Articles
17 Articles
The price of oil has risen sharply this morning on the commodity markets: the Wti with delivery in October is traded to 85.93 dollars per barrel with a growth of 3.03% while the Brent with delivery in November exceeds 90 dollars to 90.89 dollars... (ANSA)
Oil prices are rising against the backdrop of renewed fighting in the Middle East.
The new escalation between Washington and Tehran rekindles concerns on world markets. ...
The war in Iran and the Strait of Hormuz crisis have increased the cost of importing fossil energy by $330 billion over the past six months. The European Union is the biggest loser of the global price shock, but the persistently high world market prices are also clearly felt in Hungary through the rise in fuel prices and re-intensifying inflation, the World Economy reported.
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