Oil tankers are avoiding the Strait of Hormuz, fuel prices are rising

Fuel prices have reached their highest level in 5 months in the international market due to the joint attacks by Israel and the United States on Iran.

This information was confirmed in a report by the British news agency Reuters on Monday (June 23).

The report said that oil prices have reached their highest level in the last 5 months after the unprecedented attacks by Israel and the latest by the United States on Iran. At the same time, concerns have increased about the future supply of oil in the global market due to the ongoing crisis.

The price of Brent oil, known as the international standard, has risen to $78.93 per barrel, which is $1.92 more than the previous day.

On the other hand, the price of oil in the US standard West Texas Intermediate has increased to $75.73, which is $1.89 more.

Meanwhile, oil tankers are avoiding the unstable Strait of Hormuz after Iran-US tensions. Meanwhile, two oil tankers have been sent back from the strait’s shipping route.