Crude oil prices are rising further in the world market. Since the beginning of September, the price of a barrel of crude oil has increased by 10%. The military situation in the Middle East has almost affected it.
Also, with the onset of winter, the high demand for fuel from Western countries has also affected this.
International media report that if the military situation between Israel and Iran and Lebanon’s Hes Bulla fighters continues to develop, the Strait of Hormuz will hinder shipping and fuel transportation routes will be blocked and the price of crude oil will rise further.