Oil prices are going up – level 1

Oil prices are going up

17-06-2025 07:00

Oil prices go up. Israel says it attacks Iran. People think oil will not come from the Middle East. People worry. Oil is important for many things.

Much oil travels on ships near Iran. The waterway there is small. If the fight hurts oil areas in Iran, oil prices will go up. It is bad for many countries. Saudi Arabia watches the news. It may give more oil to help.

When oil costs more, many things cost more, too. Gas for cars costs more. Food can cost more. Shops may ask for more money. People feel this in daily life. Big companies and markets are also afraid. They lose money. The world watches and waits to see what happens next.

Difficult words: waterway (a river or sea path for ships), daily (something what happens every day), market (a place to buy and sell things).

You can watch the original video in the Level 3 section.

What could Saudi Arabia do to help when fighting near Iran drives oil prices up?

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