Reports from global oil markets show that oil prices have risen again as ship traffic through the Strait of Hormuz has declined and concerns have grown over the security of shipping routes in the Gulf.<\/p>\n
Mehr News, citing Reuters, reported that Brent crude futures rose by $3 to $103.20 per barrel. According to the report, the escalation of attacks on shipping lanes in the Gulf and the Strait of Hormuz was one of the main reasons for the price increase.<\/p>\n
In addition, Reuters said a storm in the United States has halted part of oil production, adding to upward pressure on prices.<\/p>\n
At the same time, international shipping data show the number of vessels passing through the Strait of Hormuz has fallen to its lowest level in more than two months. According to data released by maritime navigation analytics company Kpler, only seven commercial ships crossed the waterway on Tuesday, the lowest figure since July 23.<\/p>\n
The Strait of Hormuz is one of the region’s key oil transit routes, and any disruption to ship traffic through the passage typically fuels concern in energy markets and pushes up oil prices.<\/p>\n","protected":false},"excerpt":{"rendered":"
Brent crude rises above $103 as ship traffic through the Strait of Hormuz falls and Gulf shipping security concerns grow.<\/p>\n","protected":false},"author":2,"featured_media":23517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,17],"tags":[],"class_list":["post-23518","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\/23518","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=23518"}],"version-history":[{"count":0,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/posts\/23518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media\/23517"}],"wp:attachment":[{"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/media?parent=23518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/categories?post=23518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/atlaspress.news\/en\/wp-json\/wp\/v2\/tags?post=23518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}