Crude oil prices rise due to uncertainty in Middle East supply
2026-08-08 06:40:46
According to CoinMeta, in September, the price of crude oil rose by $1.83 (+2.43%), while the price of gasoline rose by $0.0777 (+2.74%). The prices of crude oil and gasoline increased due to the uncertainty surrounding Iran and Oman's plans to reopen the Strait of Hormuz. In addition, missile attacks by Houthi rebels on Saudi oil tankers also contributed to the rise in crude oil prices. The market is awaiting an agreement between Iran and Oman to partially reopen the Strait of Hormuz. According to Iranian officials, the normalization of relations will depend on the United States lifting its sanctions on Iranian ports.
Source:Internet
This content is for market information only and does not constitute investment advice.
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