Attack on Iran. Oil prices nearly surpassed the $100 per barrel threshold
For the first time in nearly four years, oil prices have nearly reached the $100 per barrel mark. This is due to production cuts by the largest producers in the Middle East, as well as the blockade of oil supplies in the Persian Gulf in light of the conflict between the USA, Israel, and Iran. This is reported by The Financial Times. The Islamic Revolutionary Guard Corps has closed the Strait of Hormuz, which is a key route for global oil supplies.