Oil prices rose more than one percent on Thursday, supported by higher fuel demand as a major storm swept through Florida and concerns about possible disruptions to Middle East supplies. By 13:30 GMT, Brent crude futures rose $1.2, or 1.6 percent, to $77.78 per barrel, while US West Texas Intermediate (WTI) crude futures rose $1.16, or 1.6 percent, to $74.40 per barrel. The United States, the world's largest oil producer and consumer, is facing another major storm, Hurricane Milton, which hit Florida, where supplies ran out at about a quarter of gas stations, helping support crude prices. Prices rose this month after Iran fired more than 200 rockets at Israel on October 1. Source: National Iraqi News Agency
Recent Posts
Iran Criticizes Colombia for Opening Embassy in Occupied al-Quds
October 16, 2026
Iran Expresses Concerns Over US Presence in Surrounding Region
October 16, 2026
President Pezeshkian Concludes Visit to Yerevan for COP 17
October 16, 2026
US Resort to Force Against Iran Criticized by Iranian Ambassador
October 16, 2026
President Pezeshkian Concludes Participation in Biodiversity Summit
October 16, 2026
Iran and Vietnam Explore Enhanced Media Collaboration
October 16, 2026
Pezeshkian Warns of Global Environmental Challenges
October 16, 2026