🔶 The upward trend in oil prices continues

Given the continuation of regional tensions, as well as the unclear outlook for negotiations between Iran and the United States regarding the reopening of the Strait of Hormuz and the end of the war, the price of oil in global markets is still rising.

According to reports, the price of Brent crude oil futures at the start of Tuesday, August 18 (27 Mordad) by Greenwich Mean Time rose by 0.3% (equivalent to 27 cents) to $91.14 per barrel.

U.S. West Texas Intermediate (WTI) crude oil also rose by 42 cents to $85.04 per barrel.