New York (Commerce Desk) — Global crude oil prices increased further amid continued uncertainty over the reopening of the Strait of Hormuz.
According to media reports, during Asian trading, Brent crude prices rose by more than one percent to exceed $84 per barrel, while US crude oil prices also recorded an increase of more than one percent.
The future of the Strait of Hormuz, considered one of the world’s most important maritime routes, remains uncertain, with no clear situation emerging so far.
Iran says an agreement with Oman on determining new maritime routes has reached its final stage, but the United States will have to fulfill additional conditions in this regard.