Kathmandu. The US-Iran war has escalated again, and global tensions have reached their peak. <\/p>\n
Due to this war, the price of crude oil in the international market has suddenly increased. Brent crude oil is trading higher by more than 5 percent. While the price of WTI crude oil is trading with an increase of more than 4 percent. <\/p>\n
Tensions in the Middle East have escalated since the US invasion followed by an Iranian invasion and the closure of the Strait of Hormuz. This increase in oil prices has once again increased the fear of inflation in the world. This is similar to what was seen during the nearly 100-day war between the US and Iran before the failed ceasefire. <\/p>\n
Crude oil prices are soaring as the war in the Middle East intensifies. Brent crude oil prices rose nearly 5 percent in international markets on Monday, the first trading day of the week. It was close to $80 per barrel. <\/p>\n
WTI crude oil also rose 4% to trade at $75 a barrel. The price of crude oil has suddenly increased by 5.50 percent and is trading near $ 75 per barrel. <\/p>\n
The price of oil has already spread to many countries around the world, and the US has also been affected by inflation. It is worth noting that on February 28, the US and Israel started bombing Iran for the first time, and the Iranian army retaliated by closing Hormuz. Iran’s move brought the global oil and gas crisis to a crescendo. <\/p>\n
The price of crude oil in the international market reached close to $120 in March-April after the closure of the Hormuz, which supplies about 20 percent of the world’s total oil needs. Due to this, the price of petrol and diesel increased and there was a severe shortage of LPG. Now, once again, the situation seems to be developing. <\/p>\n
Global concern is understandable as crude oil prices rise. Because it directly contributes to the increase in inflation. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. The US-Iran war has escalated again, and global tensions have reached their peak. Due to this war, the price of crude oil in the international market has suddenly increased. Brent crude oil is trading higher by more than 5 percent. While the price of WTI crude oil is trading with an increase of more […]<\/p>\n","protected":false},"author":16,"featured_media":76877,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-306728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=306728"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306728\/revisions"}],"predecessor-version":[{"id":306729,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/306728\/revisions\/306729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/76877"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=306728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=306728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=306728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}