U.S. Stocks Moving Back To The Upside Amid Earnings Optimism
Attacks on tankers and refineries and an 8.56 million-barrel U.S. crude draw kept the market’s risk premium elevated, traders said.
- On Thursday, Brent crude futures traded above $105 a barrel as renewed Houthi strikes on Saudi Arabia and tanker attacks near the Strait of Hormuz raised concerns about global oil supply routes.
- Houthi militia attacks on Saudi facilities, including a Saturday strike on Riyadh's international airport that killed 13 people, have escalated regional tensions and disrupted critical maritime shipping lanes.
- At least 18 vessels have come under fire over the past two weeks near the Strait of Hormuz, forcing insurers to reassess safety protocols as shipping volumes decline across the critical chokepoint.
- Confusion surrounds President Donald Trump's unilateral announcement of an 'energy ceasefire' deal with Russia; Russian officials refused to confirm the agreement, leaving investors uncertain about regional stability and oil price direction.
- The International Energy Agency forecasts persistent volatility into 2027, warning that overlapping Middle East crises and infrastructure vulnerabilities make a swift return to stable prices unlikely without de-escalation.
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379 Articles
Zimbabwe: Zimbabwe Faces Prolonged Fuel Cost Pressure As Oil Price Relief Unlikely Before 2028
Zimbabwe's fuel-import-dependent economy could remain exposed to international oil market volatility into 2027 after the International Energy Agency (IEA) warned that global energy markets are unlikely to return to normal next year.
Oil records sharp fluctuations The post Oil: Turned down – Brent below 110 dollars appeared first on in.gr.
Global energy markets are more than a year away from normality and remain highly vulnerable to “superimposed” in the Middle East, as warned by the Director of the International Energy Agency (IEA).
The oil has set price records: Brent has risen to $111.6 per barrel and reached its peak since May. The market has responded in a predictable manner to the Hussites' allegations of attacks on Saudi energy and new transport threats in the Middle East.
New attacks in the Persian Gulf make oil as expensive again as in May. This fuels the concern for a new boost in inflation. The only hope at present remains a rapprochement of the warring parties.
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