BBC Oil prices rose in global markets on Tuesday as there was no improvement in the situation surrounding the Strait of Hormuz. The increase came after U.S. President Donald Trump rejected Iran’s conditions for reopening the Strait of Hormuz. Brent crude reached around $88 per barrel, while U.S. crude was recorded at $82.45 per barrel. Both benchmarks had risen by around 5% on Monday, reaching their highest levels in the past 11 days. Market analysts say the rise in oil prices reflects growing concerns over delays in reopening the Strait of Hormuz. According to analysts, the current situation is also raising fears that the region could return to the conditions that existed before the U.S.-Israeli war. #Highlight #AlNoorNews #BBC #Iran