Oil rises over $1 as Iran crisis disrupts Middle East supply - Reuters
Oil rises over $1 as Iran crisis disrupts Middle East supply Reuters
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Notable Quotes
"The latest move reflects uncertainty around the scale and duration of the current conflict and recognises that Iran’s political future may have major implications for the stability of the Middle East."
— James Hosie , Academic
"Markets are acknowledging the seriousness of the conflict, but are also signalling that, for now, this is a geopolitical shock, not a systemic crisis."
— Priyanka Sachdeva , Other
"Markets are acknowledging the seriousness of the conflict, but are also signalling that, for now, this is a geopolitical shock, not a systemic crisis."
— Priyanka Sachdeva , Other
"Our baseline view is that the Iranian leadership changes, or that the regime changes sufficiently as to stop the war within 1-2 weeks, or the US decides to de-escalate."
— Max Layton , Academic
Key People
Supreme Leader of Iran.
Former president of the United States known for his aggressive economic policies.
Fatih Birol is the director of the International Energy Agency.
James Hosie is a financial analyst at Shore Capital.
Max Layton is an analyst at Citi.
Priyanka Sachdeva is a senior market analyst at Phillip Nova.
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<a href="https://news.google.com/rss/articles/CBMirAFBVV95cUxQeVBxQi13WVd4ZXRyNnFFdHBOY0xMbDZoZ21BazVsYTRoUWdhSHRaam1TdGFpMXBOYmtGT0oyNHEzYmNHOHBYNkotZ3pjV1Vzb2JqTGJRQ29tTjVEbXR5dGVoR2lwSExYeF9sOHNDQUhDTmlSUUd3bUlxZ01PMHFWQVhtV0RkR2dlaXk1SW9sUk1SbkJ3bXhHNE4yMEJabVVjcHFkdGFwd2xUbXhJ?oc=5" target="_blank">Oil rises over $1 as Iran crisis disrupts Middle East supply</a> <font color="#6f6f6f">Reuters</font>
Oil prices surged by as much as 13% after shipping in the crucial Strait of Hormuz was disrupted by retaliatory Iranian attacks following initial bombing by Israel and the United States that killed Iranian Supreme Leader Ayatollah Ali Khamenei.
Oil prices climbed over $1 as the U.S.-Israeli conflict with Iran disrupted Middle East output and halted exports from the region.
Oil prices rose more than $1 as the U.S.-Israeli war on Iran disrupted Middle East output and halted exports from the region.
Oil and natural gas prices surged as Israeli and U.S. strikes on Iran and Tehran's retaliation forced shutdowns of oil and gas facilities across the Middle East and disrupted shipping in the crucial Strait of Hormuz.
Oil prices rose for a third day as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.
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