Shipping attacks in key energy corridor reignite geopolitical risk for oil markets

Oil prices dropped as the Strait of Hormuz shipping flows recovered and OPEC+ indicated plans to increase global supply, pushing Brent below $72 and WTI near $68 per barrel.

Brent crude rose 0.4 per cent to US$72.27 a barrel as at 8.27am Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.

Brent crude rose 1.3 per cent to US$72.94 a barrel as at 3.09pm Singapore time. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices inched higher on Tuesday as traders are now focused on supply demand and recovering shipments across the crucial Strait of Hormuz. Around 7 am, WTI crude was trading at…

Crude oil futures rise amid reports of missile attacks on tankers in the Strait of Hormuz, heightening market tensions.

Brent and U.S. crude futures rose after a report of an Iranian attack on commercial ships in the Strait of Hormuz.

July 7 : Oil rose on Tuesday as traders' nervousness about a lack of progress on peace talks between the United States and Iran offset any price impact of a slight recovery in…

July 7 : Oil prices rose on Tuesday as reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit…

July 7 : Oil prices rose on Tuesday after reports of attacks on vessels near the Strait of Hormuz revived fears of disruptions to shipping through the critical energy transit…

Shipping attacks in key energy corridor reignite geopolitical risk for oil markets