Key highlights: Crude oil tumbled nearly 6.6% while Brent crude dropped more than 7.8% after the U.S. and Iran agreed to suspend military strikes. The ceasefire eased fears of an immediate disruption to oil shipments through the Strait of Hormuz, reversing last week’s geopolitical risk premium. Traders are now shifting focus from supply disruptions back […]
Tag: Iran
Key highlights: U.S. stock futures traded mixed after Thursday’s sharp sell-off triggered by soaring oil prices and weak megacap earnings. Investors remain focused on escalating Middle East tensions after President Donald Trump signaled a possible major military strike against Iran. Brent crude held above $100 per barrel while traders assessed the impact of higher energy […]
Key highlights: Crude oil climbed nearly 4% to around $90 a barrel, marking a fifth consecutive day of gains. Brent crude surged about 5% to $98.5 per barrel, its highest level since May 22, amid escalating geopolitical tensions. Fresh tanker attacks near Saudi Arabia and renewed U.S.-Iran threats intensified fears of supply disruptions through the […]