rafidainscope - German Commerzbank confirmed that oil prices will continue to rise in the coming days as a result of the rapidly evolving events in the Middle East. According to a report by the bank, oil barrel prices, which exceeded 110
dollars, will rise further in the coming hours and days as a result of the targeting of the main Saudi oil pipeline leading to Red Sea ports. The bank also confirmed that the high demand for dollars to buy oil at
rising prices led to an increase in the strength of the US dollar in the near term. It is noteworthy that the main Saudi East-West oil pipeline, used by Saudi Aramco to transport oil to the Red Sea and bypass the
closure of the Strait of Hormuz, was hit by an unknown strike, according to what was reported by the Reuters news agency.
