On Monday, the US officially approved raising oil prices, coinciding with the registration of a new Yemeni operation in the Red Sea amid concerns over supply chains.
Exclusive – Al-Khabar Al-Yemeni:
America raised West Texas crude futures by 1.22%, with the price per barrel reaching around $64, while the price of Brent crude reached $68.
Major international consulting firms have predicted a steady rise in prices this month.
US media quoted Saxo Bank’s head of commodity strategy, Ole Hansen, as saying that prices began to rise at the beginning of the month due to what he described as geopolitical tensions, in a clear reference to developments in the Red Sea.
Hansen predicted that prices would rise significantly during the last quarter of this year.
These developments come amid international concerns about a slowdown in supply chains, with the registration of a new operation in the Red Sea that is expected to launch a new phase of operations to support Gaza.
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