Oil Prices Rise Amid Uncertainty Over Hormuz Exports
Oil prices have edged up for a third consecutive day, reaching a three-week high, due to ongoing uncertainty surrounding exports through the Strait of Hormuz. The US-Iran deadlock is contributing to concerns about supply disruptions.
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Latest Oil Market News and Analysis for Aug. 19
Oil rose for a fourth day, with no sign of progress toward a resolution of the US-Iran war after almost six months of conflict.
By Rong Wei Neo
Read full article →Oil edges up on uncertainty over exports through Hormuz
Read full article →Oil: Third straight day of gains and three-week high amid US-Iran deadlock; Brent above $91
The escalation between the US and Iran remains at the center of the oil market, as the deadlock in negotiations and uncertainty surrounding the Strait of Hormuz intensify concerns over global energy flows and supplies The post Oil: Third straight day of gains and three-week high amid US-Iran deadlock; Brent above $91 appeared first on ProtoThema English.
By Electra Delavogia
Read full article →Oil edges up on uncertainty over exports through Hormuz
Oil prices ticked higher in early trade on Wednesday, climbing for a fourth straight day on supply uncertainty as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships.
By Abubakar Ibrahim
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