Attacks on ships in a key strait. "Oil prices may rise further"

Brent crude oil futures rose by $1.59 to $110.38 per barrel, while WTI increased by $1.36 to $99.18. The rise is attributed to attacks on ships in the Strait of Hormuz, which threaten oil supplies from the Persian Gulf. An Iranian tanker hit a sea mine, causing an explosion and fire. Iran's IRGC hinted at targeting undersea cables crucial for global internet data. Meanwhile, U.S. oil inventories fell for the third consecutive week, with a decrease of 4.9 million barrels. This trend supports rising oil prices, especially if further disruptions occur in the Strait. Ongoing peace talks between the U.S. and Iran may lead to a breakthrough soon.