Oil Prices Steady as Investors Assess US-Iran War Outlook
Brent and West Texas Intermediate crude held near recent highs as traders weighed U.S.-Iran tensions and a slowdown in shipping through the Strait of Hormuz.
- On Thursday, oil prices steadied as investors assessed the outlook for the Iran war and the security of shipping through the Strait of Hormuz.
- Shipping through the Strait slowed on Wednesday as owners avoided the waterway, despite President Donald Trump claiming on Tuesday that the passage remained open.
- Crude inventories rose 4.4 million barrels for the week ended August 14, the Energy Information Administration reported, exceeding estimates for a 600,000-barrel draw.
- Amid regional tensions, the United Arab Emirates suspended all financial and economic transactions with Iran, even as Iran maintains the waterway remains shut.
- Nissan Securities Investment strategist Hiroyuki Kikukawa expects a gradual price increase, noting the market lacks momentum without major escalation despite sporadic Middle East attacks.
14 Articles
14 Articles
Oil prices stabilized in early trading on Thursday, 20 August, as investors assess the prospects for war between the United States and Iran and safety of navigation through the Strait of Hormuz.
US-Israel-Iran War Latest Update: Brent Crude Holds Above $91, WTI Near $86 as US-Iran War and Strait of Hormuz Risks Keep Markets on Edge
US-Israel-Iran War Latest Update: Oil prices remain above $91 as US-Iran war tensions and Strait of Hormuz shipping risks support crude. Check Brent and WTI prices today, US inventories, UAE-Iran tensions and market outlook. The post US-Israel-Iran War Latest Update: Brent Crude Holds Above $91, WTI Near $86 as US-Iran War and Strait of Hormuz Risks Keep Markets on Edge appeared first on The Sunday Guardian.
Cryptocurrency News | Cryptocurrency Prices | Market Cap
Crypto BriefingIran-US tensions keep oil prices elevated amid Strait of Hormuz concerns
Heightened Iran-US tensions could disrupt global oil supply chains, influencing market stability and economic forecasts worldwide. The post Iran-US tensions keep oil prices elevated amid Strait of Hormuz concerns appeared first on Crypto Briefing .
Coverage Details
Bias Distribution
- 60% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
