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The price of oil rose

Oil prices rose on Wednesday due to fears that the conflict in the Middle East could turn into a full-scale war.

According to Mehr Correspondent Price Oil increased in trading on Wednesday, and the reason for that is the fear of the conflict in the Middle East turning into a widespread war and the disruption of oil supply in this large producer region following Iran’s missile attack on the Zionist regime.

The price of a barrel of Brent North Sea oil rose by $1, equivalent to 1.36%, to $74 and 56 cents today. US Texas Intermediate West oil is traded at 97 cents, equivalent to 1.39% increase, to $70 and 80 cents.

Both of these oil indices increased by more than 5% in Tuesday’s trading.

According to the media of the Zionist regime, Iran has fired more than 180 ballistic missiles towards the occupied territories on Tuesday in retaliation for this regime’s attacks on Lebanon’s Hezbollah.

 

© Webangah News Hub has translated this news from the source of Mehr News Agency
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