Brent crude oil benchmark price, following the continued military clashes in the Middle East and the Houthis’ attacks on Saudi oil tankers, rose again on Thursday with a 2% increase, reaching nearly $96.

Since fighting resumed over the past two weeks, the Brent oil benchmark price has grown by about 33%.

All types of benchmark oil recorded a rising price trend during the day, but the Murban oil index—which is the key benchmark for the Middle East region—experienced the largest price increase with a jump of more than 3%. This suggests that global markets have less confidence in the near-term outlook for lifting the blockage of the Strait of Hormuz.

Over the past two weeks, the Islamic Republic has carried out extensive attacks on ships, as well as some Arab countries in the region, and has again severely disrupted the flow of oil from the Strait of Hormuz. The United States has also recently restored a maritime blockade against the Islamic Republic, preventing Iran’s oil exports.