Oil prices continued to rise for a second consecutive session on Tuesday, building on a more than 5% increase on Monday. The diminishing prospects of a US-Iran agreement to resolve the conflict and reopen the Strait of Hormuz have contributed to prices remaining close to their highest levels in over a week. Brent crude futures Read More
Gold maintained its position on Tuesday as investors assessed mixed signals regarding potential U.S.-Iran discussions while anticipating a series of U.S. employment reports for insights into the Federal Reserve’s trajectory on interest rates. Spot gold remained unchanged at $4,055.39 per ounce, as of 0042. U.S. gold futures increased by 0.6%, reaching a price of $4,055.10. Read More
Oil prices experienced a slight decline on Friday; however, they are poised for significant weekly gains as tensions between the United States and Iran persist, maintaining a state of unease in the markets. While prices eased in early trade, the broader focus remained on escalating geopolitical tensions that have disrupted energy flows and raised concerns Read More
Brent crude futures experienced an increase of nearly 2% during early on Tuesday, following the U.S. military’s execution of strikes in southern Iran, characterised as defensive measures. This development has contributed to heightened market tension, as a resolution to the ongoing conflict remains unattainable for both parties. Brent futures increased by $1.40, representing a 1.5% Read More
Oil prices continued to rise on Monday amid indications that efforts to resolve the U.S.-Israeli conflict concerning Iran have encountered obstacles. This development follows an attack on a nuclear power plant in the United Arab Emirates, coinciding with expectations that U.S. President Donald Trump will deliberate on military strategies regarding Iran. Brent crude futures increased Read More
Oil prices surged by $3 a barrel on Monday, following the unsuccessful negotiations between the United States and Iran regarding a peace proposal put forth by Washington. Meanwhile, the Strait of Hormuz remained predominantly closed, contributing to the ongoing constraints on global energy supplies. Brent crude futures increased by $3.18, representing a 3.14% rise, reaching Read More
Oil prices experienced a decline on Tuesday following a significant increase of up to 6% in the prior session. This shift comes amid indications that the U.S. Navy may be relaxing Iran’s blockade of the crucial Strait of Hormuz, which could lead to a potential increase in supply from this vital Middle Eastern production region. Read More
