Ongoing war in the Middle East continues to impact global oil supplies, with international crude oil prices steadily climbing at the opening of trading on the 15th. Both major benchmark indicators saw gains.
Around 22:45 GMT, shortly after the Chicago Mercantile Exchange opened, West Texas Intermediate (WTI) crude rose by 2.54% to $100.22 per barrel; Brent crude rose by 2.88% to $106.11 per barrel.
According to AFP, compared to the dramatic surges seen during intraday trading over the past two weeks, this increase has somewhat moderated.
Since the United States and Israel first launched attacks on Iran on February 28, oil-producing countries have reduced output, and oil tankers have been stranded in the Persian Gulf region. The combined effect has pushed international oil prices up by 40% to 50%, sparking concerns that economic growth may be hindered and inflation could intensify.
About one-fifth of the world's oil and natural gas relies on the Strait of Hormuz for transport, but this shipping route is now effectively closed.
The International Energy Agency (IEA) has warned that the current conflict in the Middle East is causing the largest supply disruption in the history of the global oil market.
In addition, the United States and Israel launched airstrikes on Iranian territory, destroying core oil export facilities including Kharg Island, further exacerbating volatility in global energy supplies.
According to AFP, compared to the dramatic surges seen during intraday trading over the past two weeks, this increase has somewhat moderated.
Since the United States and Israel first launched attacks on Iran on February 28, oil-producing countries have reduced output, and oil tankers have been stranded in the Persian Gulf region. The combined effect has pushed international oil prices up by 40% to 50%, sparking concerns that economic growth may be hindered and inflation could intensify.
About one-fifth of the world's oil and natural gas relies on the Strait of Hormuz for transport, but this shipping route is now effectively closed.
The International Energy Agency (IEA) has warned that the current conflict in the Middle East is causing the largest supply disruption in the history of the global oil market.
In addition, the United States and Israel launched airstrikes on Iranian territory, destroying core oil export facilities including Kharg Island, further exacerbating volatility in global energy supplies.