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
