Eco
dijlahpoint - Global oil prices extended gains for a second consecutive session due to persistent concerns regarding potential crude supply disruptions in the Middle East and geopolitical risks affecting maritime transit.
Brent crude futures rose to $105.91 per barrel, while US West Texas Intermediate (WTI) increased to $93.32 per barrel.
Shipping tracking data indicates elevated exports alongside alternative routing solutions that maintain high freight costs, as global markets closely monitor diplomatic efforts to stabilize trade in the Strait of Hormuz.
Editor at Dijlah Point News, writing about Eco.