WASHINGTON: The price of US crude oil increased by 2%.
The price of US crude oil increased by 2% to $102 per barrel.
In addition, the price of Brent crude oil has reached $106 per barrel.
Oil companies have warned the Trump administration that the energy crisis is likely to worsen.
According to the American newspaper, the heads of EXXON, CHEVRON and CONOCOPHILLIPS companies warned that the energy crisis could worsen due to the closure of the Strait of Hormuz.
The closure of the Strait of Hormuz is affecting global oil shipments and prices.
