Milan-Cortina 2026 Olympic Winter Games: freestyle skiing women's freeski slopestyle qualification
Orange Jordan Sponsors Al Hussein Technical University’s "Leadathon"
The CEO of Orange Jordan Visits Yarmouk University President to Strengthen the Strategic Partnership
*Orange Jordan Showcases Fabrication Lab Innovations at the Makers’ Forum
3 Winners at Orange Summer Challenge 2024 Join the “Social Innovation” Journey Fostering "Tech4Impact”
Estarta Named Cisco Systems' Distinguished Supplier of the Year 2024
Oil prices soared on Monday, climbing more than eight percent to multi-month highs, as escalating conflict between the United States and Iran disrupted shipping in the crucial oil-producing region.
Brent crude futures jumped to $82.37 a barrel, reaching $79.34, a surge of $6.47, or 8.88 percent, by 23:05 GMT.
U.S. West Texas Intermediate (WTI) crude also experienced a significant increase, rising $5.36, or eight percent, to $72.38 per barrel, after hitting an earlier high of $75.33.
The price surge follows heightened tensions after reports indicated that at least three tankers were damaged off the coast of the Gulf, resulting in the death of one sailor, according to shipping sources and officials. This incident is reportedly a response to U.S. and Israeli actions.
These disruptions exacerbate existing uncertainties in the Middle East and raise concerns about potential impacts on the global economy.
