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High oil prices, with tensions escalating between Tehran and Washington

rocky
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High oil prices, with tensions escalating between Tehran and Washington Empty High oil prices, with tensions escalating between Tehran and Washington

Post by rocky on Fri 24 Apr 2020, 3:25 am

[size=35][size=35]High oil prices, with tensions escalating between Tehran and Washington[/size]

Economie


2020-04-24 | 02:52
High oil prices, with tensions escalating between Tehran and Washington Doc-P-342583-637233081746908016



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2,411 views


[size=18]Oil prices continue to rise today after heavy losses incurred at the beginning of this week, as prices were supported by the escalation of tensions between Tehran and Washington in the Gulf region, the main region for transporting crude.



By 07:52 Baghdad time, Brent crude futures rose 4.5% to $ 22.9 a barrel.

While US light crude futures were trading at $ 17.41 a barrel, an increase of 5.33% over the previous settlement price.







The [url=https://www.alsumaria.tv/Entity/47570/%D9%85%D9%86%D8%B7%D9%82%D8%A9 %D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC/ar/]Gulf region[/url] has recently witnessed [url=https://www.alsumaria.tv/Entity/47570/%D9%85%D9%86%D8%B7%D9%82%D8%A9 %D8%A7%D9%84%D8%AE%D9%84%D9%8A%D8%AC/ar/]an[/url] increase in tensions between Iran  and the [url=https://www.alsumaria.tv/Entity/45068/%D8%A7%D9%84%D9%88%D9%84%D8%A7%D9%8A%D8%A7%D8%AA %D8%A7%D9%84%D9%85%D8%AA%D8%AD%D8%AF%D8%A9/ar/]United States[/url] , as US President Donald Trump said he had ordered the U.S. Navy to destroy Iranian boats approaching US ships in the Gulf, the primary area for transporting oil.

For its part, [url=https://www.alsumaria.tv/Entity/3384322349/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D8%AE%D8%A7%D8%B1%D8%AC%D9%8A%D8%A9 %D8%A7%D9%84%D8%A5%D9%8A%D8%B1%D8%A7%D9%86%D9%8A%D8%A9/ar/]the Iranian Foreign Ministry[/url] expressed its protest against the American threats.

Prices were also supported by media reports that revealed the willingness of a number of oil producing countries to start cutting production now, that is, before the entry into force of the " OPEC  + " agreement .
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The countries of the " OPEC  +" group agreed on April 12 this year to reduce the group's production in May and June from 2020 by about 10 million barrels per day, to reduce the cuts in the second half of this year until the end of April 2022.


https://www.alsumaria.tv/news/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF/342583/%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D9%85%D8%B9-%D8%AA%D8%B5%D8%A7%D8%B9%D8%AF-%D8%A7%D9%84%D8%AA%D9%88%D8%AA%D8%B1%D8%A7%D8%AA-%D8%A8%D9%8A%D9%86-%D8%B7%D9%87%D8%B1%D8%A7%D9%86-%D9%88%D9%88%D8%A7

    Current date/time is Fri 18 Sep 2020, 12:58 pm