Oil prices rise amid ongoing war in the Middle East.

The May contract of oil WTI negotiated in New York Mercantile Exchange (Nymex) It ended this Monday (30) with a significant increase of 3.25%, quoted at US$ 102.88/barrel. The June contract for the Brent advanced 1.96% in Intercontinental Exchange (ICE), trading at US$107.39/barrel. 

In this trading session, fuel prices were driven up by the recent escalation of the conflict in Middle Eastafter the Houthis, paramilitary group of Yemen allied to Hamas and to the government of Iran, carry out attacks Israel. 

Despite the recent efforts of the government of United States In negotiating with the Persian administration to end the conflict, the American president, Donald TrumpHe reiterated his threats of destruction to Iran's energy infrastructure and desalination plants if… Tehran Do not accept the terms of the agreement.

According to The New York TimesThe Trump administration is in negotiations with the speaker of the Iranian parliament. Mohammad Bagher Ghalibaf. However, the spokesman for the Ministry of Foreign Affairs in Tehran, Esmaeil Baghaei, stated that the terms proposed by the US were “unrealistic, illogical and excessive”, as reported by Reuters.

This text was translated by machine from Brazilian Portuguese.