Oil Prices Rise, Barrel Reaches $78.80
RARaajje MV – 10 days ago
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Following US President Donald Trump's statement that the peace agreement with Iran has "come to an end," oil prices rose by one percent on Thursday morning in Asian markets. The price increase began after Iran attacked vessels traveling through the Strait of Hormuz, raising fears of disruption to energy supplies from the Middle East. Brent crude prices rose by one percent to approximately $78.80 per barrel, with US crude also rising to $74.30 per barrel.