Oil retreats after rally as Trump hints Iran campaign could be brief
TL;DR Summary
Oil prices edged lower in Asia after a three-day rally as Trump said renewed attacks on Iran would not last long, helping ease near-term supply fears tied to the Strait of Hormuz. Brent hovered around $95.25 a barrel and WTI near $90.80 after Wednesday’s gains, while U.S. inventories showed a 4.5 million-barrel weekly draw. Shipping through Hormuz remained volatile despite the data, and OPEC+ is expected to keep October output policy unchanged as it unwinds cuts, keeping focus on potential Middle East supply risks.
- Oil dips after 3-day rally as Trump signals Iran campaign may be brief Investing.com
- Oil prices hold near highs after military action and tanker incidents Yahoo Finance
- Oil edges down as investors weigh uncertainty over U.S.-Iran strikes Reuters
- U.S. Stocks Rise as Oil Gains on Iran Escalation WSJ
- CNBC Daily Open: Markets trapped in Iran doom loop CNBC
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