Reuters pointed to rising oil prices due to the escalation in the Middle East

Oil prices jumped by 4% amid a new escalation of the conflict in the Middle East. This was reported by the Reuters news agency on July 13.

"Brent crude futures rose by $3.10, or 4.08%, to $79.11, and U.S. West Texas Intermediate crude rose by $2.95, or 4.11%, to $74.36 per barrel," the material says.

The author of the article attributes this trend to a new escalation of the conflict between the United States and Iran, which threatens energy supplies through the Strait of Hormuz.

A familiar stop: the economy is adapting to the crises around Hormuz

After new strikes by the United States and Iran, oil prices remain within $80 per barrel.

On the same day, American forces completed another wave of strikes against Iran, hitting dozens of targets in various locations. Later, the IRGC announced attacks on US military bases in Kuwait and Bahrain.