Oil prices rise as no end to Iran war stand-off seems in sight - Reuters
Oil prices rise as no end to Iran war stand-off seems in sight Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"But prices have likely peaked, and they’ll start going down."
— Chris Wright , Executive
""It's crazy. It's not needed, especially at a time when people are already struggling, but not unexpected from all this turmoil that's going on.""
— Mark Doran , Other
""The more news we get, the more it seems like this is going to last a really long time.""
— Al Salazar , Other
"Talks around ‘peace’ still look largely superficial and lack concrete evidence of de-escalation."
— Priyanka Sachdeva , Other
"With no immediate deal and an indefinite ceasefire providing no certainty on whether the Strait is open or closed, oil prices will trend higher."
— Suvro Sarkar , Executive
"Talks around ‘peace’ still look largely superficial and lack concrete evidence of de-escalation."
— Priyanka Sachdeva , Other
"With no immediate deal and an indefinite ceasefire providing no certainty on whether the Strait is open or closed, oil prices will trend higher as physical markets catch up with paper markets."
— Suvro Sarkar , Executive
Key People
Al Salazar is the head of macro oil and gas research at Enverus.
Chris Wright is the U.S. Energy Secretary.
Claudio Galimberti is the chief economist at Rystad Energy.
Former president of the United States known for his aggressive economic policies.
Mark Doran is a consumer who expressed concern over rising gas prices in Middlebury, Vermont.
Priyanka Sachdeva is a senior market analyst at Phillip Nova.
Suvro Sarkar is the energy sector team lead at DBS Bank.
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<a href="https://news.google.com/rss/articles/CBMiqAFBVV95cUxNSWdEcWtxT1pxaGxwMmc3bHE1elRLZlNOZHlvNWQtWG94NTZ0RzB3STJ3NmQxT0ZMUVhKYWYwWVZjbGhyMkdLaDZ1VEZHT3ZGdTB6cTFXdlV3MzRUT0s0N0JFZV9OUk9sRGNiS2NNeDlGa1czbGgxeGhhOV9BT09qcURMcDNRb3Q2SnE4Y1NSU2JzOXNyX0Q4eFl4My1SNVU1NWJITm43aUc?oc=5" target="_blank">Oil prices rise as no end to Iran war stand-off seems in sight</a> <font color="#6f6f6f">Reuters</font>
Oil and gas prices surged as the ongoing war with Iran disrupted shipping and damaged key Middle East oil facilities, leading to global supply concerns.
The Iran conflict has evolved into a Cold War-like standoff marked by economic sanctions, naval blockades, and stalled diplomatic efforts, affecting global energy markets and raising concerns over a potential escalation into armed conflict.
Crude oil prices have surged to their highest levels in weeks, with Brent crude reaching around $112 a barrel and West Texas Intermediate exceeding $101 a barrel, attributed to escalating tensions and the lack of a diplomatic resolution involving the Strait of Hormuz.
Oil prices increased as a standoff between the U.S. and Iran in the Strait of Hormuz prevented tankers from passing, disrupting global energy supplies.
Oil prices rose nearly 2 percent, extending gains from the previous session, as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global buyers.
Oil prices rose nearly 2 percent, extending gains from the previous session, as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global buyers.
Oil prices extended their gains as efforts to end the U.S.-Iran war appear stalled, with the crucial Strait of Hormuz waterway still mainly shut, keeping energy supplies from the key Middle East producing region out of the reach of global buyers.
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