Oil prices rose with the market on edge about possible military escalation in the Middle East, while an attack on a tanker in the Strait of Hormuz, Houthi claims of more attacks on Saudi refineries and a Ukrainian strike on a Russian refinery fed supply concerns.
Oil prices rose more than 2% after an attack on a tanker transiting Hormuz and Houthi militants claimed to have struck Saudi energy infrastructure again.
A tanker transiting the Strait of Hormuz was attacked by a small boat with two explosive devices, the United Kingdom Maritime Trade Operations said Friday.
Oil prices fell as traders assessed fresh U.S. efforts to revive peace negotiations with Iran, while persistent Middle East supply risks and the possibility of renewed military escalation limited losses.
U.S. Vice President JD Vance sent a letter to the secretary of Iran’s Supreme National Security Council, in an effort to revive peace negotiations, The Wall Street Journal reported.
U.S. Vice President JD Vance sent a letter to the secretary of Iran’s Supreme National Security Council, in an effort to revive peace negotiations, The Wall Street Journal reported.
Oil prices rose on market concerns about possible U.S. military escalation against Iran after next week’s midterm elections and renewed threats to Middle East energy supplies after Yemen’s Houthi militants said they targeted Saudi Arabia’s largest oil refinery.
Oil prices fell, with U.S. benchmark crude slipping back under $100 a barrel as traders held out hopes for regional diplomatic efforts to ease Middle East tensions.
Oil prices fell as traders weighed fresh regional efforts to ease tensions involving Iran against Houthi attacks on Saudi Arabia and risks to shipping through the Hormuz Strait.
Oil prices fell as traders considered diplomatic efforts to ease U.S.-Iran hostilities, while further Houthi attacks on Saudi Arabia kept concerns about Middle East supply risks alive.
Prices pulled back from recent highs as traders weighed diplomatic efforts to ease U.S.-Iran hostilities against renewed Houthi attacks on Saudi Arabia and persistent Middle East supply risks.
Prices pulled back from recent highs as traders weighed diplomatic efforts to ease U.S.-Iran hostilities against renewed Houthi attacks on Saudi Arabia and persistent Middle East supply risks.
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