Oil Falls in Turbulent Trading Amid Concerns War Will Escalate

Oil Falls in Turbulent Trading Amid Concerns War Will Escalate

(Bloomberg) — Oil swung in a turbulent session amid speculation the US may join the Middle East conflict, with traders focused on flows through the region’s vital shipping chokepoint.

Oil market remains 'on edge' amid Middle East conflict

Oil swung in a turbulent session amid speculation the U.S. may join the Middle East conflict. The oil market’s main concerns are flows from Iran and the threat to vessel traffic in the Strait of Hormuz, through which about a quarter of the world’s crude shipments flow.