Global Oil Prices Surpass $105 Per Barrel Amid Tensions
According to the International Desk of Webangah News Agency, global oil prices have climbed above $105 per barrel, marking a significant increase after a report from Al Mayadeen, cited by Mehr News Agency, indicated Brent crude oil surpassing this threshold for the first time since September 17, 2026. The price of global oil saw an increase of over 5 percent, reaching $105.21 per barrel, following reports suggesting a growing possibility of renewed U.S. aggression towards Iran.
This surge in oil prices occurs while data from international shipping reveals that the number of vessels transiting the Strait of Hormuz has reached its lowest point in over two months. This reduction comes in the wake of last week’s attacks on oil tankers traversing this vital waterway, which escalated to their highest levels since the commencement of the war between the United States and the Zionist regime with Iran.
Atlantic magazine, quoting several U.S. administration officials, reported that plans concerning Iran demonstrate President Trump’s inclination towards reducing fuel prices. This disclosure comes at a time when Trump faces considerable domestic pressure due to escalating fuel prices in the United States and is attempting to lower oil prices through verbal interventions.
Atlantic also claimed that the White House has requested the U.S. Department of War to prepare options for potential attacks against targets in Iran. According to this alleged report, options for striking Iranian targets could be implemented before the U.S. midterm elections.
