The Brent petroleum price exceeded 108 dollars per barrel after a merchant ship was hit in the Strait of Ormuz, resulting in the death of a crew member. This incident reactivated concerns regarding the security of supply routes in the Middle East region.
Simultaneously, Saudi Arabia closed its main alternative pipeline, which contributed to the sharp rise in crude prices. The combination of these two events intensified fears of possible disruptions in oil supply from the Middle East.
The attack in the Strait of Ormuz, through which a significant part of world oil traffic passes, highlighted the vulnerability of energy infrastructure in the region and the impact that geopolitical conflicts can have on global energy markets.
