Kingdom Channel – Rising oil prices globally



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Oil prices rose on Monday in the midst of heightened tensions in the Middle East after the Iranian army seized a British oil tanker a few days ago.

The gross London Brent rose 51 cents, or 0.8%, to $ 62.98, after touching $ 63.47 earlier.

WTI benchmark futures in the US increased 15 cents, or 0.3%, to $ 55.78.

US crude dropped more than 7% and Brent more than 6% last week.

The Iranian Revolutionary Guards reported seizing a British flag-bearer in the Gulf after British forces seized an Iranian tanker earlier in July, which heightened the tension on the transportation route required for the transport of the Iranian tanker. gross.

Britain plans to take action as part of the crisis related to the airline's detention and appears to have little choice after a record showed that the Iranian army had ignored a ship from British war when he had landed on the ship three days ago.

The office of British Prime Minister Teresa Mae announced that she would chair a meeting of the government's emergency committee this morning to discuss the crisis.

Reuters

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