Business

Oil prices rise again in the global market

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Abdul khalique

ISLAMABAD: Global oil prices have risen again, with Brent crude rising six percent to above $96 per barrel.

Crude oil prices have risen in the global market due to the US attack on an Iranian ship and fears of a retaliatory attack by Iran.

Brent crude oil is being sold at $96 and WTI at $90 per barrel in the global market. According to experts, 600 million barrels of oil are stuck in the Strait of Hormuz.

Twenty ships passed through Hormuz on Saturday after Iran announced the opening of the Strait of Hormuz.

Abdul khalique

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