Oil Jumps After US Seizure of Iranian Ship Escalates Conflict


Brent jumped as much as 7.9% to $97.50 a barrel, after falling more than 9% on Friday on signs of a thaw in the conflict, while West Texas Intermediate traded near $90. Tehran on Saturday again closed the vital chokepoint, after it said a US blockade of ships that left Iranian ports violated a ceasefire agreement that ends Tuesday.



Source link

  • Related Posts

    Improving competitiveness or meeting climate targets: The Draghi dilemma

    Geopolitical changes have recently increased the focus of policymakers within the EU on the competitiveness of industry. As Draghi (2024) points out, without countervailing measures, the EU risks capital flight…

    Gold Falls as Renewed Hormuz Disruption Stokes Inflation Concern

    (Bloomberg) — Gold fell after vessels came under fire in the Strait of Hormuz at the weekend, renewing fears of energy-supply disruptions that have stoked inflation concerns during more than…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Is It True That Larger Engines Actually Reduce An Aircraft’s Top Speed?

    Is It True That Larger Engines Actually Reduce An Aircraft’s Top Speed?

    Match of the Day analysis: Erling Haaland and Gabriel’s ‘old school battle’ in Manchester City’s victory against Arsenal

    Match of the Day analysis: Erling Haaland and Gabriel’s ‘old school battle’ in Manchester City’s victory against Arsenal

    Hamas Officials Say Group Is Ready to Hand Over Some Weapons

    a man decides to go for a walk.

    a man decides to go for a walk.

    5 people wounded in shooting near University of Iowa campus, including 3 students

    5 people wounded in shooting near University of Iowa campus, including 3 students

    Improving competitiveness or meeting climate targets: The Draghi dilemma