Despite the latest increase of oil prices on the global market, Bosnia's Federation (FBiH) entity is not likely to see any price change in the upcoming period, the FBiH Trade Ministry said on Monday.

The price change in the world has been triggered by the tensions in the Middle East and have jumped by over 2%. But, the ministry said it has not received any demands from the distributors towards the price increase in the Federation.

Brent crude, the international benchmark, exceeded the price of 70 dollars per barrel after US President Donald Trump threatened to introduce the sanctions for Iraq if the US troops are forcefully pushed out of that country.