Oil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz Fears
14 Articles
14 Articles
Hushite attacks on Saudi Arabia exceeded expectations for additional supplies following US President Donald Trump's announcement of Russian diesel exports and an energy truce between Ukraine and the Russian Federation.
Oil soars above $105 in wake of Saudi airport strike, Ukraine energy attack blamed on Russia
Oil soared above $105 a barrel Monday morning in the wake geopolitical turmoil, with an Iran-backed group launching a deadly strike on a Saudi airport and Ukraine accusing Russia of attacking energy facilities in spite of a ceasefire declared by President Trump.
Tensions in the Middle East continue to press oil prices. This weekend, new Houthis attacks on Saudi Arabia fuelled the perception of global risk, raising the prices of barrels. Not even a possible cease-fire between Ukraine and Russia, as proposed by US President Donald Trump, was able to alleviate the fear of agents. By 9:15 a.m. on Monday (12), the most liquid Brent oil price, due in December, had a height of 1.21%, to US$ 105.99 the barrel. …
Oil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz Fears
Oil prices climbed to their highest levels in nearly two weeks on Monday morning as fresh attacks on Saudi Arabia and oil tankers near the Strait of Hormuz put Middle East supply risks back at the center of the market, outweighing President Donald Trump's announcements of additional Russian diesel supplies and a Russia-Ukraine energy ceasefire. West Texas Intermediate was trading at $93.78 per barrel, up $1.93, or 2.10%, on Monday morning, while…
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