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WTI crude surged nearly 6% to a 3.5-month high driven by an intensifying US-Iran conflict, Houthi strikes on Saudi refineries, and Russian output disruptions. Deepening global supply deficits severel…
WTI crude surged over 3% to multi-month highs amid severe Middle East escalations, including US strikes on Iranian tankers and Houthi attacks on Saudi refineries. Global oil supplies face deficits of…
WTI crude oil surged nearly 3% as direct US-Iran military clashes stoked fears of severe shipping disruptions in the Strait of Hormuz. Additional upward momentum comes from Ukrainian drone strikes sl…
WTI crude futures hovered above $101/barrel, up ~7% weekly amid US-Iran tensions blocking Strait of Hormuz. IEA warns global oil undersupply could persist through October despite potential conflict r…
Crude oil futures declined as Iran permitted vessel transits through the Strait of Hormuz following Trump-Xi talks affirming open energy flow. However, fundamental supply deficits limit downside pres…