Save Our Pak
Oil prices are increasing in global markets as tensions between the United States and Iran continue to grow. The situation has worsened due to the risk of a blockade in the Strait of Hormuz, which is affecting petroleum prices worldwide.
There is a clear upward trend in crude oil prices, and with time, fuel prices are also rising steadily in international markets.
Brent Crude increased by more than 3% and reached $101.46 per barrel. Meanwhile, WTI Crude went up by 2.87%, reaching $92.24 per barrel.
At the same time, Abu Dhabi’s global benchmark Murban Crude saw a strong rise of 4.88%, reaching $100.99 per barrel.
According to Reuters, the increase in crude oil prices may lead to higher petroleum costs across the world. Reports say that Brent crude prices have jumped by more than $3, showing a strong rise in the global market.
Reported by Save Our Pak
