Oil prices increased for a fourth consecutive session on Wednesday, rising more than $1 in early trade following Iran’s new attacks on U.S. military assets in the Gulf, as the conflict between Washington and Tehran continued to escalate across the region. Iran’s Revolutionary Guards announced that they targeted two U.S. destroyers and what they referred Read More
Oil prices extended their gains on Tuesday amid heightened concerns regarding a prolonged conflict in the Middle East. This escalation follows Iran’s threats of retaliation against any further US attacks on its assets, which raises apprehensions about potential disruptions to crude supplies. Iran stated on Monday that energy infrastructure throughout the Gulf, encompassing US oil Read More
Oil prices continued to rise on Monday as new strikes by the U.S. and Iran on vessels in and around the Strait of Hormuz heightened concerns about a sustained disruption to oil supplies from the Middle East. The most recent escalation occurred on Saturday, as U.S. forces targeted three Iranian oil tankers, as reported by Read More
Oil prices increased by half a percent on Friday, positioning themselves for the largest weekly gain since mid-July. This rise was driven by escalating tensions between the US and Iran, which heightened fears regarding possible disruptions to oil supplies originating from the Middle East. The recent US attacks, resulting in numerous fatalities and injuries among Read More
Oil prices increased by more than 2% on Wednesday, building on the significant gains from the prior session, as concerns about potential supply disruptions intensified following overnight strikes exchanged between the US and Iran. The escalation has diminished expectations for a swift alleviation of tensions in the Middle East. The United States announced that it Read More
Oil prices increased by over $2 a barrel on Monday following the United States’ military action against an Iranian island in the Strait of Hormuz, which elicited a response from Tehran as the conflict in the Middle East reached its sixth month. U.S. forces on Sunday targeted two launchers located on Iran’s Larak island in Read More
Oil prices experienced a decline on Friday, marking the potential for their first weekly decrease in three weeks. This movement occurred despite a rise in the previous session, which was influenced by a report indicating that U.S. President Donald Trump was disinterested in reverting to the terms of a prior agreement with Iran. Brent crude Read More
Oil prices declined on Thursday, continuing a streak of losses, as optimism increased for a reopening of the crucial Strait of Hormuz due to diplomatic initiatives involving Iran and Oman. A reopening could alleviate apprehensions regarding supply disruptions stemming from the conflict in the Middle East. Brent crude futures declined by 60 cents, or 0.7%, Read More
Oil prices experienced a slight increase on Tuesday, following a decline of over 2% in the prior session, as investors assessed the implications of stricter U.S. secondary sanctions imposed on Iran. Brent crude futures increased by 6 cents, representing a 0.1% rise, reaching $92.16 per barrel. Meanwhile, U.S. West Texas Intermediate crude saw an uptick Read More
Oil prices stabilised in early trading on Thursday as investors evaluated the implications of the U.S.-Iran conflict and the safety of maritime routes through the Strait of Hormuz. Brent crude futures for October delivery increased by 25 cents, or 0.3%, reaching $91.87 a barrel as of 0037. In contrast, U.S. West Texas Intermediate crude futures Read More
