Oil prices climbed back above $100 a barrel and stock markets fell after three more cargo vessels were hit in the Gulf.
News of further strikes on shipping helped to push Brent crude up by more than 9% on Thursday, before the price eased a little to $97.90.
The jump came despite the International Energy Agency saying on Wednesday that it will release a record 400 million barrels of oil in an attempt to curb the economic impact of the US-Israel war with Iran.
Investors are increasingly concerned that the global economy will take longer to recover if strikes to shipping and energy infrastructure in and around the Strait of Hormuz continue.
Subscribe to our channel here: https://bbc.in/bbcnews
For the latest news download the BBC News app or visit BBC.com/news
#MiddleEast #BBCNews
ROMA (ITALPRESS) – Italia ed Estonia, entrambi Stati membri dell’Unione europea, condividono “gli stessi principi e gli stessi valori”. Lo…
ROMA (ITALPRESS) – E’ una fotografia nitida quella che Inarcassa e Fondazione Inarcassa hanno presentato a Roma, nella seconda edizione…