Oil prices rose in Wednesday’s trading following escalating tensions in the Strait of Hormuz and Bab al-Mandab, approaching their highest level in five weeks. This development has heightened concerns over potential disruptions in global energy supply.<\/p>\n
Brent crude futures increased by nearly one dollar to reach $91.51 per barrel. Meanwhile, U.S. West Texas Intermediate crude rose about 30 cents, trading at $84.64 per barrel.<\/p>\n
The upward trend intensified after the United States targeted sites in southern and western Iran, with Tehran responding by announcing attacks on U.S.-linked facilities in Bahrain, Kuwait, and Jordan. These developments have raised fears of a wider conflict and its impact on crucial energy transit routes.<\/p>\n
At the same time, Yemen\u2019s Houthi movement (Ansar Allah) declared a naval blockade against Saudi Arabia and threatened to target Saudi oil tankers in the Bab al-Mandab Strait.<\/p>\n
Following a decrease in tanker traffic through the Strait of Hormuz after the U.S.-Iran ceasefire collapsed earlier this month, the Bab al-Mandab passage in the southern Red Sea had become an increasingly important route for Saudi oil exports. This route now faces new security risks.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices near five-week highs amid rising tensions in the Strait of Hormuz and Bab al-Mandab, raising concerns over global energy supply disruptions.<\/p>\n","protected":false},"author":2,"featured_media":18166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,17],"tags":[],"class_list":["post-18167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-important-news"],"_links":{"self":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts\/18167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/comments?post=18167"}],"version-history":[{"count":0,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts\/18167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media\/18166"}],"wp:attachment":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media?parent=18167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/categories?post=18167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/tags?post=18167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}