Brent Reaches $71+ on Iran-Tension Fears roiling oil markets
TL;DR
Brent crude climbed above $71 and WTI traded around $66 as traders priced in the risk of U.S. military action against Iran, citing stalled diplomacy and potential disruptions to Iranian supply and Persian Gulf flows through the Strait of Hormuz; the market appears tighter due to sanctions dynamics and a steeper Brent curve amid stalled Russia-Ukraine talks.
Topics:businessenergy#brent-crude#energy#geopolitical-risk#strait-of-hormuz#us-iran-tensions#wti-crude
- Brent Oil Price Tops $71 as Fears of U.S.-Iran Conflict Grow Crude Oil Prices Today | OilPrice.com
- Oil Futures Gain on Rising Fears of U.S.-Iran Conflict The Wall Street Journal
- Oil Holds Near Six-Month High as Trump Sets Iran Deal Deadline Bloomberg.com
- Jittery Markets Seek an Iran ‘Off-Ramp’ The New York Times
- Oil prices jump amid signs of U.S.-Iran conflict Axios
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