Oil prices jump as Rubio says Iran 'not serious' about peace talks
Brent climbed above $95 as the United States kept striking Iranian targets and warned that shipping risks could push prices higher.
- Global crude benchmarks climbed slightly in early trading following the announcement of a new wave of American military operations targeting Iranian installations.
- The recent airstrikes mark the eleventh consecutive night of military engagements executed by United States forces in the region.
- Energy markets experienced renewed upward pressure due to escalating anxieties surrounding potential interruptions to international oil shipments.
- Concurrent reports of drone attacks intercepted by Kuwait added to the apprehension regarding broader regional stability and security.
- Traders continue to monitor the situation closely as persistent geopolitical friction threatens vital petroleum transport corridors.
98 Articles
98 Articles
Oil Prices Rise as Rubio Says Iran ‘Not Serious’
“Oil prices rose Wednesday after President Donald Trump threatened again to bomb Iranian bridges and power plants and Secretary of State Marco Rubio said Tehran was not serious about reaching a deal to end the fighting,” CNBC reports.
(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Mohammad Bagher Ghalibaf, Speaker of the Parliament who led the Iranian negotiating team in peace talks with the U.S., [regarding] crude oil exports and the strait's ...
Oil Soars To Six-Week Highs Amid Trump Threats, US Production Dip, & ‘Tank Bottoms’ At Cushing
Oil Soars To Six-Week Highs Amid Trump Threats, US Production Dip, & ‘Tank Bottoms’ At Cushing Oil prices extended their rise this morning to six week highs as fighting between the US and Iran continued around the Persian Gulf (11th straight night of attacks) and threats of a blockade in the Red Sea added to...
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