Oil Rises More than 4% as Talks Between Iran and the US Are Suspended
12 Articles
12 Articles
Iran protested Israel's attack on Lebanon and suspended the exchange of messages with the United States regarding an agreement on a peace plan. In the aftermath, international oil prices are surging. On the 1st (local time), as of 11:19 a.m. Eastern Time, August delivery Brent crude futures on the ICE Futures Exchange were trading at $97.19 per barrel, up 6.7% from the previous trading day.
Oil rises more than 4% as talks between Iran and the US are suspended
Oil prices surged more than 4% on Monday after Iran suspended indirect talks with the United States and threatened to block the Strait of Hormuz, raising fears of supply disruptions in one of the world’s most critical energy corridors. Brent crude closed at $94.98 per barrel, while WTI ended at $92.16. Market Reaction Brent crude: Closed at $94.98 per barrel, up 4.2%. WTI crude: Ended at $92.16 per barrel, rising 5.5%. Both benchmarks spiked mo…
derwesten.de
Iran is suspending negotiations with the US and bringing into play a blockade of the Strait of Hormus. This could have consequences worldwide.
Iran is putting talks with the US on hold and threatening to block the Strait of Hormus.
The Brent oil barrel, of reference in Europe, for delivery in August rose by 3.18% this Monday, to touch the 95 dollars at the close of the London futures market after Iran has stopped the peace negotiations with the United States. The North Sea crude, of reference in Europe, ended at 94.98 dollars in the Intercontinental Exchange (ICE) London, which implies a advance of 2.93 dollars regarding the closing of the previous day, when it ended at 92…
Brent accumulates an increase of more than 30% since the beginning of the war in the Middle East at the end of February
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