বাংলাGlobal oil prices surged by more than one percent after US President Donald Trump stated that China is interested in purchasing oil from the United States.
On Friday, Brent crude futures rose by $1.17 to reach $106.89 per barrel, while West Texas Intermediate oil prices climbed by $1.10 to $102.27 per barrel.
Although Iran said around 30 ships passed through the Strait of Hormuz on Thursday, uncertainty surrounding the key shipping route still remains. Analysts say this tension is also affecting oil prices.
Experts noted that concerns over ship attacks and vessel seizures in the Strait of Hormuz are contributing to higher oil prices in the global market.
According to market observers, ongoing geopolitical instability could push oil prices even higher in the coming days.
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