Oil prices are rising amid geopolitical fear associated with Iran and Russia

Oil prices have risen after the “OPEC+” production alliance increased less than some expected, and with the escalation of geopolitical problems associated with the files of Ukraine and Iran. Brent ruol increased by 2.9% in August to close at $ 64.63 a barrel, while West Texas Middle Easy rose 2.8% to sit near $ 63 a barrel. This increase comes after the “Opec+” Alliance agreed on Saturday to add 411 thousand barrels a day of supplies in July, despite some members, including Russia. While some countries are pressed for a temporary stop in July, the bank’s opinions are now divided over the number of increases that may come in the coming months. US oil prices gained on Monday, as futures increased by 5.1% at the beginning before falling a bit with the markets in general. It is likely that this Ascension also came as a result of the abandonment of some of the landscapes made before the “OPEC+” decision. The fear in the market has faded, the coalition is studying a greater increase in the supplies at the end of last week, at a time when breast sales centers at its highest levels at its highest levels were since October before the meeting was held. Keshav Luhaya, the founder of the consulting company “Olitics”, added that “Brent centers are now at the highest level for 2025, which is logical as a result of the pessimistic news that is before the OPEC meeting, and it paves for the highest pessimization at the highest level for 2025. launched on air base in Russia, while Iran has criticized a report that has the increasing stock of uranium, which is eskalators that reduce the chances of increasing the offer of “OPEC+” offered to sanctions. Level that has helped prices over the past few weeks. Tehran continues to continue uranium enrichment.