The price of oil started the week with a sharp rise. This significant increase in prices is related to two main factors that affected global energy markets.
The first factor is related to the closure of a strategic pipeline in Saudi Arabia. This pipeline is a crucial infrastructure for the transport of crude, and its shutdown had an immediate impact on oil prices in international markets.
The second factor that contributed to the price rise was new attacks registered in the Strait of Hormuz. This area is one of the most important maritime routes in the world for oil transport, and any security incident in this region immediately triggers reactions in oil markets.
The combination of these two events created a situation of tension in energy markets, leading to a sharp increase in the price of crude right at the start of the week.
