The oil barrel started the week trading above 100 dollars, registering a sharp rise in international markets.
Two main factors contributed to this appreciation: the closure of a strategic pipeline in Saudi Arabia and new attacks recorded in the Strait of Hormuz, one of the most important oil routes in the world.
Saudi Arabia, one of the largest oil producers globally, saw its pipeline affected by these circumstances, which intensified concerns about global supply.
The Strait of Hormuz is a crucial navigation route through which a significant part of the world's oil passes, and attacks in that area have been fueling instability in energy markets.
