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The jump in oil prices in the world market after the assassination of Haniyeh’s children

The price of black gold in the energy market witnessed a 1% jump in reaction to the assassination of the children of the head of the political office of Hamas.

The intensification of tensions in the West Asia and on top of that the martyrdom of 3 children of Ismail Haniyeh, the head of Hamas’s political office, once again caused concern to cast a shadow on the energy market.

According to Al Jazeera, the price of oil experienced a jump of more than 1% after the martyrdom of Haniyeh’s children.

Accordingly, North Sea Brent oil increased by one dollar and six cents to $90 and 48 cents per barrel. The price of US West Texas Intermediate oil also increased by nearly one dollar and reached 86 dollars and 21 cents.

One of the analysts of the New York market told the Reuters news agency about this: Now the oil market is heavily affected by the conditions of the war in Gaza, and any concern about the escalation of tensions and the spread of the conflict to other regions in the West Asia will lead to a jump in the price of black gold. Will have.

Now the energy market is very worried about the involvement of other crude oil suppliers, including Iran, in the Gaza war.

One of the other reasons for the increase in oil prices in today’s transactions was Mexico’s decision to reduce oil exports in order to meet domestic needs.

Young Journalists Club International International Economy

 

© Webangah News Hub has translated this news from the source of Young Journalists Club
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