Oil prices have risen above $100 per barrel due to increasing signs of energy market disruptions, even after 32 countries agreed a deal for the biggest ever energy reserve release.
Reports in the media stated Iran attacked two international oil tankers near Iraq and Kuwait. These latest developments show that the Middle Eastern conflict is now going beyond the Strait of Hormuz.
The attacks on the oil tankers have only further heightened concerns over supply disruptions, following on from Iran's initial warning that no oil will pass through the key shipping lane.
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