Brent near $110 as Iran-linked disruptions tighten Gulf oil routes
TL;DR
Oil markets climbed toward $110 as Iran‑related blockades and attacks disrupt key Gulf routes, with Iranian exports through Hormuz falling sharply, Saudi Arabia’s East-West pipeline damaged by a drone strike, and Houthi actions around Bab el‑Mandeb threatening Red Sea traffic. The disruption, coupled with sanctions and inflation pressures, underscores broader energy-security concerns and could influence Tehran‑Washington negotiations.
- Oil squeeze tightens as Iran-backed attacks cripple Hormuz escape routes Fox News
- The Zacks Analyst Blog Highlights BWET, Frontline, International Seaways, DHT, BWET, BOAT, BDRY and SEA Yahoo Finance
- Oil Tankers Earn $1 Million a Day as War Leaves Ship Shortage Bloomberg.com
- Gulf Tankers Are Running Out of Ways to Export Oil: ‘These Waters Aren’t Safe’ The New York Times
- Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock CNBC
Want the full story? Read the original reporting
Read on Fox News