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Back Fundamental analysis
The Bypass Route Around Hormuz Is Also Closed
Today Brent already rose above $108
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Today Brent already rose above $108 per barrel and then corrected. WTI gained the same 2.6 percent to $102.68. The cause was Saudi Arabia's closure of the East-West pipeline, which the kingdom announced late on Friday as a precautionary measure after recent attacks. No timeline for resumption was given.Experts note that the significance of this facility is hard to overstate, and it's not just about its capacity of roughly 7 million barrels per day. This route served as the key
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Miroslaw Bawulski,
Analytical expert of InstaForex
© 2007-2026
EUR
Summary
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1 day
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Maxim Magdalinin
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