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Oil prices climb after Iran warns against US ground invasion
Oil prices climbed over 60% since war start as Iran warned of US ground invasion, disrupting 20% of global oil and gas supplies through the Strait of Hormuz, analysts said.
- On Sunday, oil prices climbed after Tehran warned against a US ground invasion, with Brent rising 2.6% to $115.50 and US crude nearly 3% to $102.61.
- Tehran's warning followed President Donald Trump saying on Friday that "talks are ongoing," as he extended his ultimatum for Iran to reopen the Strait of Hormuz amid disruptions to 20% of global oil supplies.
- Iran-Backed Houthi strikes on Saturday against Israel compound supply fears, while Americans are paying for war effects at the pump with gas costing $3.98 on average Sunday.
- Foreign ministers from Pakistan, Saudi Arabia, Egypt, and Turkey are facilitating de-escalation talks, with Sunday's meeting deemed "very productive" by Foreign Minister Ishaq Dar.
- According to Greg Newman, CEO of Onyx Capital Group, energy markets are only beginning to feel the turmoil's fallout, and he expects a "steady rise" in Brent prices towards $120.
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US stocks swing as oil prices keep climbing because of the war with Iran
NEW YORK (AP) — U.S. stocks are swinging again Monday as oil prices keep climbing because of uncertainty about when the war with Iran could end. The S&P 500 rose 0.2% in midday trading, coming off its worst week since the war with Iran began. The Dow Jones Industrial Average was up 290 points, or 0.6%, as of 11:15 a.m. Eastern time, and the Nasdaq composite was 0.1% lower. That followed gains for stock markets in much of Europe, but caution was …
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WWAY TVUS stocks open higher and recover some of their recent losses even as crude oil prices rise again
U.S. stocks are rising and recovering some of the losses from their five-week losing streak, even as oil prices keep climbing. The S&P 500 rose 0.8% in early trading Monday. The index is coming off its worst week since the…
Coverage Details
Total News Sources40
Leaning Left6Leaning Right7Center23Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 17%
C 64%
R 19%
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