Oil Slides Despite Escalations, Notching Largest Weekly Drop Since 2025
TL;DR Summary
Oil prices fell over the week to about $96 Brent despite Middle East tensions and Hormuz disruptions, marking OilPrice’s biggest weekly decline since 2025 as March OPEC+ output cuts and Saudi field outages limit supply, while China allows SPR draws and other nations move to bolster energy security.
- Oil Ignores Escalation, Logs Biggest Weekly Drop Since 2025 Crude Oil Prices Today | OilPrice.com
- Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022 Reuters
- The third Gulf war will scar energy markets for a long time yet The Economist
- Oil to Test Wartime Highs If Hormuz Standstill Drags, JPM Warns Bloomberg.com
- Republicans cautious on energy prices despite ceasefire Politico
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