Oil Prices Rise Amid US-Iran Tensions and Strait of Hormuz Concerns
Oil prices have risen to $87 per barrel, with Nigeria gaining $22/barrel, due to the ongoing US-Iran crisis and concerns over the Strait of Hormuz. Experts warn that prices could reach $140 per barrel if the blockade in the strait continues.
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Latest Oil Market News and Analysis for Aug. 12
Oil steadied after a four-day gain as traders monitored efforts for a deal that could help restore energy flows through the Strait of Hormuz.
By Kanoko Matsuyama and Charles Gorrivan
Read full article →Oil prices rise as attacks dent hopes for Strait of Hormuz reopening
Brent crude climbs as renewed violence dampens hopes for a return to stability in energy markets.
Read full article →US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel
By Udeme Akpan The latest disagreement between President Donald Trump and Iran over the reopening of the Strait of Hormuz has pushed up oil prices by 5 per cent to $87 per barrel from $83 per barrel in the global market. This was even as Bank of America (BofA) warned that oil prices could continue […] The post US-Iran crisis pushes oil to $87, Nigeria gains $22/barrel appeared first on Vanguard News.
By Urowayino Jeremiah
Read full article →Oil prices rise as Hormuz deal hopes fade - The Copenhagen Post
Oil prices rise as Hormuz deal hopes fade The Copenhagen Post
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