The international benchmark crude oil price retreated on Thursday after posting its biggest daily gain since May, as the market remains attentive to supply risks in the Middle East
SANTO DOMINGO– The price of Brent crude, one of the main benchmarks of the global energy market, fell to US$72.24 per barrel on Thursday, after registering a 4.4% increase the previous day, its largest daily gain since May. The information was published by the specialized website Trading Economics.
The correction came after investors reassessed the potential impact of renewed tensions between the United States and Iran on global oil supplies. Although the conflict has once again raised concerns in the markets, there is still no certainty about the extent to which it could affect crude oil supply.
The Strait of Hormuz returns to the spotlight
According to Trading Economics, the new attacks between the United States and Iran have revived concerns about the Strait of Hormuz, one of the most important maritime corridors for global oil transport.
However, analysts believe it is still too early to determine whether the situation will cause significant disruptions to the flow of crude oil to international markets.
Supply continues without major disruptions
Vessel tracking data shows that traffic through the strait has decreased in recent days, although a significant portion of the cargo continues to move along routes authorized by Iran.
The report adds that some shipments took longer to appear in the monitoring systems due to failures or temporary deactivations of the tracking signals, so the actual volume transported could be greater than initially observed.
A benchmark for the energy market
Brent crude is one of the main benchmarks used to set the price of oil traded in Europe, Africa, and the Middle East. Its performance often influences international energy markets and is closely monitored by governments, investors, and businesses due to its impact on fuel costs and economic activity.
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