
Oil Prices Rise for Third Day Amid US-Iran Deadlock and Strait of Hormuz Concerns
Oil prices have seen a third consecutive day of gains, reaching a three-week high with Brent crude above $91, driven by the ongoing US-Iran deadlock and concerns over shipping restrictions in the Strait of Hormuz.
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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: 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
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