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Oil sails past $115 as Middle East tensions widen oil-supply risks
12 days ago•Source: Investing.com
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134.885 min•15 days ago
Oil climbs as Iran conflict tests supply fears, but weekly decline looms
Oil prices rose on Friday but markets were set for their first weekly decline since the Iran‑led conflict began, with Brent around $109.88 a barrel and WTI near $96. The market remains focused on potential duration of the war and disruption to global supplies (the IEA says roughly 11 million barrels per day have been removed from supply). Trump paused attacks on Iranian energy facilities and weighing ground action to seize Kharg Island, keeping fears of prolonged disruption — and a possible spike in prices if fighting intensifies — while some analysts see potential for a decline if de‑escalation occurs, keeping prices above pre-crisis levels.
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Oil reverses intraday gains as Brent hovers near 2022 highs amid Middle East tensions
Oil prices pulled back from an intraday spike after Netanyahu said Iran has no capacity to enrich uranium, with Brent trading around $106.50—near its highest level since July 2022 after a session high near $119—while WTI hovered around $94. The moves reflect ongoing supply worries from the Iran–Israel conflict and Strait of Hormuz disruptions, set against a backdrop of cautious central-bank commentary on policy paths amid higher energy costs.
Oil to stay above $100/bbl as Iran tensions persist, OCBC says
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Oil prices hover as Iran supply fears persist and Trump pushes Hormuz action
Oil prices wavered in choppy trading as supply fears tied to Iran resurfaced amid the U.S.-Israel conflict. Brent traded around $103.41 a barrel and WTI about $96.40, after earlier gains, as President Trump urged international support to keep the Strait of Hormuz open. He said talks with seven countries, including China, were under way. The UAE reported a second drone strike on Fujairah, Tehran signaled the waterway would stay closed until attacks cease, and the IEA began releasing emergency oil reserves to offset potential shocks.
Crude Near $100 as Iran Conflict Keeps Supply Fears Alive
Oil prices hovered around $100 a barrel as fighting with Iran kept supply fears in focus, with Brent around $101 and US crude near the mid-$90s, as inflation concerns and upcoming data add to market jitters.
Gold slips as Asia bid fades and risk-off mood returns
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Oil slides as US–Iran talks resume and tariffs cloud demand
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Oil eyes first weekly gain in three as US-Iran tensions mount
Oil prices held near six-month highs and were on track for their first weekly gain in three weeks as investors weighed a potential binary outcome in U.S.-Iran talks and Iran’s joint naval drills with Russia that could threaten the Strait of Hormuz. Brent crude was around $71.41 a barrel and U.S. WTI about $66.13, with weekly gains near 5%, while markets also priced in a 10–15 day Trump deadline over Iran’s nuclear programme. A drop in U.S. crude inventories reported by the EIA supported prices, though gains were capped by expectations for higher OPEC+ output and by persistent U.S. rate uncertainty.
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