Oil prices jumped more than 2% after new strikes on Saudi Arabia and the Strait of Hormuz. This was reported by Qazaqyia.kz citing Reuters.
According to Reuters, the price increase is directly linked to the new strikes on these regions. The agency reports that oil prices rose by more than 2%.
The Strait of Hormuz is one of the most important routes for global oil transportation. The strikes on Saudi Arabia also affected the market.
According to Reuters, the price rise was recorded following these new strikes.