Oil prices jump 5% amid news of renewed confrontations in the Strait of Hormuz

3 weeks ago

Less than a minute

Oil prices jump 5% amid news of renewed confrontations in the Strait of Hormuz

Oil prices rose by more than 5%, and the US dollar index rose after the Iranian Navy announced, on Monday, that it had prevented an American warship from entering Strait of Hormuz.

As a result, futures contracts for Brent rose more than $5 to $113.65 a barrel, after recovering from an initial decline during Asian trading hours.

Iranian state television reported that the Iranian navy blocked warships. "American-Israeli" from entering the Strait of Hormuz on Monday, while Fars News Agency reported that two missiles hit An American warship near Jask in the Gulf of Oman after ignoring Iranian warnings.

For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter

Oil prices jump 5% amid news of renewed confrontations in the Strait of Hormuz

Related

Read Next

She was met by the Serbian President, Amna Al-Dahhak, in Belgrade, discussing cooperation in the sectors of food security and sustainable development

"sunrise" and"hump" They are developing an international school for $50 million

Kuwait Finance House launches an interactive platform for the “Hasad” program at Marassi Galleria

Renting a luxury villa in “Al Barari” for 14 million dirhams for two years

Austria supports the acceleration of European trade agreements with the UAE and international partners

Consecutive declines and a second weekly loss… gold in a week

"Abu Dhabi Economy" An initiative to empower entrepreneurial families is launched in Al Ain

Mexico, EU signerer stoppet handelsavtale da de tar sikte på å diversifisere seg fra USA

27 countries seek to secure access to crisis funds

27 countries seek to "Emergency financing " From the World Bank

She was met by the Serbian President, Amna Al-Dahhak, in Belgrade, discussing cooperation in the sectors of food security and sustainable development

"sunrise" and"hump" They are developing an international school for $50 million

Kuwait Finance House launches an interactive platform for the “Hasad” program at Marassi Galleria

Renting a luxury villa in “Al Barari” for 14 million dirhams for two years

Austria supports the acceleration of European trade agreements with the UAE and international partners

Consecutive declines and a second weekly loss… gold in a week

"Abu Dhabi Economy" An initiative to empower entrepreneurial families is launched in Al Ain

Mexico, EU signerer stoppet handelsavtale da de tar sikte på å diversifisere seg fra USA

27 countries seek to secure access to crisis funds

27 countries seek to "Emergency financing " From the World Bank

Related

Read Next

She was met by the Serbian President, Amna Al-Dahhak, in Belgrade, discussing cooperation in the sectors of food security and sustainable development

"sunrise" and"hump" They are developing an international school for $50 million

Kuwait Finance House launches an interactive platform for the “Hasad” program at Marassi Galleria

Renting a luxury villa in “Al Barari” for 14 million dirhams for two years

Austria supports the acceleration of European trade agreements with the UAE and international partners

Consecutive declines and a second weekly loss… gold in a week

"Abu Dhabi Economy" An initiative to empower entrepreneurial families is launched in Al Ain

Mexico, EU signerer stoppet handelsavtale da de tar sikte på å diversifisere seg fra USA

27 countries seek to secure access to crisis funds

27 countries seek to "Emergency financing " From the World Bank

Sharjah Women's Sports Clubs achieve advanced results in the Fujairah Open Judo Championship

World Health Organization: One confirmed case of Hanta virus and five suspects, and the event is still limited and under control

Related Articles