The Iran war leaves the Oil price continue to rise. On Friday afternoon, a barrel of North Sea Brent temporarily cost 91.89 US dollars. This corresponds to an increase of more than seven percent since the start of trading and is the highest level since April 2024. The price of the US variety WTI rose by more than ten percent to $89.15.

Since the Iran War began almost a week ago, several energy infrastructure facilities in the Middle East have been attacked. In Bahrain, a rocket caused a fire at the main state-owned oil refinery. A drone hit an oil field in southern Iraq.

Strait of Hormuz closed

In addition, the Strait of Hormuz, through which around a fifth of the world’s oil transport passes, is de facto closed. The strait between the Arabian Peninsula and the Iran is controlled by the Iranian military.

Since the US and Israeli attacks on Iran began, Brent crude oil has risen in price by more than 20 percent. That leaves them Fuel prices are also rising in Germany. Bavaria’s Prime Minister Markus Söder (CSU) is therefore in favor of pushing forward natural gas production in Germany. “In Germany we finally have to produce more of our own energy. This is the only way we can become more independent in terms of energy supply,” he told the Munich Mercury. Chancellor Friedrich Merz (CDU) had previously said that the situation was being examined Only then will I decide on a possible fuel discount.

You can find all current developments on the Iran War in our live blog.