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Oil prices rise as Iran-US tensions deepen and US crude inventories fall

By ChordNews · First written (new coverage )

Oil prices jump over 2% as Iran-US tensions deepen and crude inventories fall
Image: hindustantimes.com
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Summary

Oil prices rose as tensions between Iran and the United States deepened. Hindustan Times reported that prices jumped more than 2%, with tanker attacks raising fears of supply disruption and US crude stocks falling, keeping Brent near a five-month high. The Hindu reported that oil climbed as the US ordered diplomats to leave Saudi Arabia amid escalating tensions, with Brent up $1.29 to $110.11 a barrel and West Texas Intermediate up 97 cents to $98.12.

This continues an earlier story: Oil prices ease from five-month high as traders weigh Middle East supply risks

Later: Oil hits its highest since May as Iran attack fears and AI spending doubts sink stocks · Oil plunges more than 6% from near wartime highs as diplomacy over Iran gathers pace · TSX futures climb as oil falls and gold advances on hopes for cooling Iran tensions · Oil prices rise as Houthi attacks on a Saudi refinery and Iran talks raise supply worries

Timeline

  1. Hindustan Times

    Source ↗

    Hindustan Times reports that oil prices jumped over 2% as Iran-US tensions deepened, tanker attacks raised supply fears and US crude stocks fell, keeping Brent near a five-month high.

  2. The Hindu

    Source ↗

    The Hindu reports that oil rose as the US ordered diplomats to leave Saudi Arabia amid escalating tensions, with Brent up $1.29 (1.2%) to $110.11 a barrel and WTI up 97 cents (1%) to $98.12.

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