Oil rises amid Middle East tension

Understand what makes the price of the dollar rise or fall
The market reacts to the new escalation of tensions in the Middle East. This Thursday (9), the United States and Iran announced new attacks for the second day in a row, amid the dispute over control of navigation conditions in the Strait of Hormuz.
The maritime passage is one of the main transport routes for oil and natural gas in the world and, therefore, is usually one of the main sources of tension in the region.
At 8 am, the barrel of Brent oil was operating with an increase of 1.13%, at US$ 78.90. WTI also rose 0.92%, to US$ 74.16.
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On Wednesday night (8), US Central Command forces carried out a new round of attacks against Iran, with the aim of reducing the country's ability to attack commercial ships and civilian sailors in the Strait of Hormuz.
The military action reached around 90 strategic targets along the Iranian coast. Among the structures destroyed or damaged are air defense systems, coastal surveillance assets, missile and drone storage sites, naval capabilities and military logistics infrastructure.
What is the Strait of Hormuz, crucial for global oil
See below how the day was in the market on Wednesday (8).
Dollar

a
Accumulated for the week: -0.38%;
Accumulated for the month: -0.28%;
Accumulated for the year: -6.20%.
Ibovespa

Accumulated for the week: -1.96%;
Accumulated for the month: -0.80%;
Accumulated for the year: +5.91%.
Real and dollar banknotes
Amanda Perobelli/ Reuters

Source: G1