Houthi attack Dubai: Rising tensions in the Arab world have affected oil prices and prices have reached a seven-year high.
According to Arab media, two Indians and a Pakistani were killed in a drone attack on Abu Dhabi airport by Houthi rebels yesterday. In the wake of the attack, the price has risen by 1 a barrel in anticipation of possible disruptions in oil supplies, the biggest increase this year.
In this regard, experts say that due to the new geographical and political tensions, there are signs of a difficult situation in the entire market and the price of Brent crude has risen by 85 cents or one percent to reach 87.33 dollars per barrel. Yes, before that it happened on October 29, 2014 when it reached اع 87.55 per barrel in one day.
Similarly, US West Intermediate crude oil prices rose by 1.13% or 14%, the highest level in two months, while trade in the United States was suspended on Monday due to a public holiday.
Even after the Houthis targeted the oil tankers with drones and missiles, they warned that they would hit more targets, while the United Arab Emirates said it had the right to take action against these terrorist attacks. Saves
Read Also : More than 282,000 new cases of corona in India, 441 deaths
Follow us on Google News Asia Times Now page for faster updates.