Oil price surpasses $100 again after Iranian attacks on ships

Discover the Strait of Hormuz, crucial for global oil The price of Brent oil, the international benchmark, soared again above US$100 (around R$515.90) ​​after attacks hit oil tankers near the Strait of Hormuz. This Wednesday (11) and Thursday (12) several Iranian attacks were reported against commercial ships around the Strait of Hormuz and the port of Basra, in Iraq. This is a time of intensifying pressure on the oil-rich Gulf region. Attacks on ships in the Strait of Hormuz Kayan Albertin / Arte g1 Oil on the rise Oil prices had already risen again this Wednesday, while European and Asian stock markets registered falls, amid the uncertainty caused by the war in the Middle East. A barrel of West Texas Intermediate (WTI), a reference in the United States, had advanced 5.91%, to US$88.38. North Sea Brent, a benchmark in Europe, had risen 5.05%, to US$92.23. On Tuesday (10), stock markets rose significantly and oil fell after United States President Donald Trump stated on Monday that the conflict would end “soon”. Since the start of the conflict, oil has risen and reached close to US$120 per barrel at the beginning of the week, due to interruptions in the Strait of Hormuz, a route through which around 20% of world production passes. How is Petrobras? Oil boosts the company’s cash flow, but puts pressure on price and inflation policy Countries make 400 million barrels of oil available The 32 member countries of the International Energy Agency (IEA) agreed this Wednesday (11) to make 400 million barrels of oil available from their emergency reserves to contain the rise in fuel prices caused by the war in the Middle East. It is the largest release of reserves ever made by IEA countries. Until then, the record had been 182.7 million barrels, after Russia’s invasion of Ukraine in 2022. More than 30 countries will make 400 million barrels of oil available to contain prices

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