Global oil prices surged as tensions between the United States and Iran escalated in the Middle East.<\/p>\n
Brent crude futures for November delivery rose 3.05% to $90.79 per barrel, the highest level since June 11. Brent prices gained 15.9% last week, marking their largest weekly increase since April.<\/p>\n
US West Texas Intermediate (WTI) crude climbed 2.65% to $84.68 per barrel, its highest level since June 12. WTI also posted a 15.5% gain․<\/p>\n
The price rally has been driven by escalating US-Iran attacks, as well as growing concerns over the security of energy shipments through the Strait of Hormuz. In recent days, the United States announced a naval blockade of Iranian ports, while Iran said it had targeted vessels it claimed had violated navigation rules in the Strait of Hormuz.<\/p>\n
According to analysts, rising risks in the Strait of Hormuz—which handles roughly one-fifth of global oil trade—have heightened concerns over potential supply disruptions, pushing oil prices higher.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"
Global oil prices surged as tensions between the United States and Iran escalated in the Middle East. Brent crude futures for November delivery rose 3.05% to $90.79 per barrel, the highest level since June 11. Brent prices gained 15.9% last week, marking their largest weekly increase since April. US West Texas Intermediate (WTI) crude climbed […]<\/p>\n","protected":false},"author":7,"featured_media":284674,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[2,35,43],"tags":[],"class_list":["post-284864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-politics","category-world"],"acf":[],"_links":{"self":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/284864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/comments?post=284864"}],"version-history":[{"count":1,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/284864\/revisions"}],"predecessor-version":[{"id":284868,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/posts\/284864\/revisions\/284868"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media\/284674"}],"wp:attachment":[{"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/media?parent=284864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/categories?post=284864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abcmedia.am\/en\/wp-json\/wp\/v2\/tags?post=284864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}