Week in Review – WTI Is on Track for a $7 Weekly Gain on Falling Iranian Exports and Strait of Hormuz Risks - Mansfield Energy
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Oil prices fell on Friday but remained on track for strong weekly gains as renewed military hostilities between the United States and Iran raised concerns that disruptions to energy flows through the Strait of Hormuz could continue.
Week in Review – WTI Is on Track for a $7 Weekly Gain on Falling Iranian Exports and Strait of Hormuz Risks - Mansfield Energy
Oil prices were slightly lower Friday morning, but that small decline does little to change the bigger picture for the week. Prompt WTI futures were down about $0.48 per barrel in early trading while remaining on track to finish roughly $7 per barrel higher week over week. Iran has continued targeting vessels transiting the Strait of
Oil prices fell below $95 a barrel on international markets on Friday, but remained on track for a weekly rise as the conflict between the US and Iran continued and disrupted supplies from the Middle East, while diesel prices in the US reached record levels.
US-Israel-Iran War Latest Live News: Strait Of Hormuz Shipping Remains Well Below Prewar Levels; Oil Flows Estimated At 5 Million Barrels Per Day Amid Ongoing Disruption
US-Israel-Iran War Latest Live News: The latest developments point to growing economic strain on Tehran while the disruption around one of the world's most important energy routes is also pushing up fuel costs in the United States.
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