class=”sc-cffd1e67-0 fmXrkB”>
Oil prices rose on Tuesday due to tensions in the Red Sea. A barrel (159 liters) of North Sea Brent for March delivery cost $78.55 in the morning. That was $1.51 more than Friday. The price for a barrel of American West Texas Intermediate for February delivery rose $1.26 to $72.91.
The market highlighted tensions in the Red Sea, a key shipping route for international trade and crude oil transport. Recently, Iran said it sent a warship into the Red Sea. The frigate ‘Albors’ passed through the Strait of Bab al-Mandab, as the online portal ‘Nur News’ reported on Monday.
Since the start of the war in the Gaza Strip, an increasing number of merchant ships in the Red Sea have been attacked by Iran-backed Houthi rebels in Yemen, which has already temporarily boosted oil prices in recent weeks. The Houthis say they only attack ships with a connection to Israel because they want to support the Palestinians with their actions. The US accuses Iran of being involved in planning the attacks. Tehran rejects the accusations. (SDA)
Source: Blick
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
