Oil price rises above $90 per barrel again

The oil price rally continued this week. According to international media, Tehran and Washington are seeking to resume peace negotiations, but there is still no sign of de-escalation. For the tenth consecutive day, the US has carried out strikes on Iran, while Tehran continues to target US interests in the region. Meanwhile, the Iran-backed Houthi rebels in Yemen have announced a naval blockade of the Bab el-Mandeb Strait, a route Saudi Arabia uses as an alternative to the Strait of Hormuz.