The Iran war has led to rapidly soaring crude oil prices, with the American WTI oil surging during the conflict. 20 per barrel, reportedly the largest weekly increase since statistics began in 1983. 72 per barrel.
According to reports, the increases come since the war spread in the region, disrupted oil production, and almost completely stopped traffic in the important transport route Hormuz Strait. Qatar's energy minister said on Friday that crude oil prices could reach $150 per barrel in the coming weeks if tankers cannot pass through the strait.
crude oil prices could reach $150 per barrel in the coming weeks if tankers cannot pass through the strait