Barrel of oil West Texas Intermediate for IV deliveries costs $76.39 on NYMEX in New York, higher by 2.45 percent
Brent on ICE for V is valued at USD 83.60 per barrel, up by 2.70 percent
War in the Middle East. Oil prices are getting higher
Oil prices maintain high growth after the United States fired missiles at targets in Iran on Saturday, and Tehran responded with a wave of attacks on Israel, as well as U.S. bases and other targets in countries such as Saudi Arabia, Qatar, the United Arab Emirates, Kuwait and Bahrain.
Israeli and US forces carried out the attack on the night from Tuesday to Wednesday another wave of attacks on Iran and Lebanon. In retaliation, Tehran attacked the Persian Gulf countries, including the United Arab Emirates and Qatar.
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Bad news for passengers. The war in Iran will increase ticket and tour prices
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Poland needs 6 million mines. Meanwhile, there is one production plant in the country
Prezydent USA Donald Trump reported on Tuesday that operation against Iran is going well, Tehran is running out of missiles and has lost its air defense. He assured that Iran has already been practically defeated militarily, and the US is destroying its resources of missiles, launchers and navy.
On the other hand President of Iran Masoud Pezeshkian said on Tuesday that despite the exceptional situation, the state structures work and the nation is united. “We remain in direct contact with the provincial authorities, providing them with the necessary powers, the decision-making process is quick and adapted to local conditions,” Pezeszkian wrote on the X platform.
Strait of Hormuz practically “not working”
Iran has threatened a complete shutdown Straits of Hormuzbut now tanker traffic from oil across the strait practically stopped. This narrow canal – off the coast of Iran – handles 1/5 of the world’s oil production and a similar share of LNG.
Meanwhile, investors are considering US plans to escort tankers in the Strait of Hormuz. President Donald Trump said Tuesday that U.S. naval forces would be there if necessary escort tankers through the Strait of Hormuz. He also announced that American insurance would be made available to all carriers operating in the strait.
“Effective IMMEDIATELY, I have directed the U.S. Development Finance Corporation (DFC) to make available, at a very reasonable cost, political risk insurance and a financial security guarantee for ALL maritime, and primarily energy, trade that passes through the Strait. This will be available to all shipping lines,” Donald Trump said on Truth Social.
“No matter what, the US will ensure the FREE FLOW OF ENERGY in the WORLD. US ECONOMIC and MILITARY POWER is THE GREATEST IN THE WORLD. More action soon,” wrote Donald Trump.
Meanwhile, analysts indicate that US naval escorts could be easy targets for Iran. “Therefore, the United States may refrain from escorting the ships until it determines that Iran’s attack capabilities have been weakened,” ING Groep NV analysts said.
War in Iran. Another wave of attacks
The hostilities in the Persian Gulf are now in their fifth day. Israel’s defense forces announced the launch of a “wide wave of attacks” on Iran. In turn, the Ministry of Defense of Saudi Arabia reported the interception of 9 drones and 2 cruise missiles from Iran.
US Central Command said it has so far destroyed 17 Iranian ships, as well as hundreds of launchers and drones. “Today in the Persian Gulf – in the Strait of Hormuz and the Gulf of Oman – there is not a single Iranian ship and we do not intend to stop,” Admiral Brad Cooper said on Platform X.
“Among the destroyed units was the Iranian submarine – it has a hole in its side,” Cooper added.
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Bad news for passengers. The war in Iran will increase ticket and tour prices
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The European Central Bank is changing the appearance of the euro. A famous Polish woman is to appear on the banknote
