Oil prices climbed on Tuesday to over 115 dollars per barrel, as the deadline given by the American president, Donald Trump, to Iran for the reopening of the Strait of Hormuz approaches, under the threat of a military attack, reports IPN referring to Reuters.<\/p>\n\n
The quotations for American WTI oil climbed by 3.1%, reaching the value of 115.86 dollars per barrel on Tuesday morning. Meanwhile, Brent crude has reached 111.51 dollars.<\/p>\n\n
This development is determined by the approaching deadline of Tuesday, 8:00 PM local time (03:00 AM Chisinau time, Wednesday), Trump threatening that he will order attacks on Iranian bridges and power plants if an agreement is not reached.<\/p>\n\n
The Strait of Hormuz, an essential route through which approximately one fifth of the world’s oil is transported, was closed by Iranian forces following the launch of American and Israeli attacks on February 28.<\/p>\n","protected":false},"excerpt":{"rendered":"
Oil prices climbed on Tuesday to over 115 dollars per barrel, as the deadline given by the American president, Donald Trump, to Iran for the reopening of the Strait of…<\/p>\n","protected":false},"author":31,"featured_media":342685,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[133,137],"tags":[6420,2583,910,1359,619,10275,30495,491],"class_list":["post-375728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics","tag-attacks","tag-donald-trump-en","tag-foreign-affairs","tag-iran-en","tag-israel-en","tag-oil","tag-the-strait-of-hormuz","tag-usa"],"yoast_head":"\n