Drone strikes in the Strait of Hormuz lifted oil prices as geopolitical risks resurfaced, even as weak physical crude markets continue to weigh on sentiment.

Saudi Arabia cuts oil prices for Asia amid US-Iran deal. Crude oil reaching a new all-time high by September 30 at 2.6% YES.

Saudi Aramco slashed Arab Light crude prices by $6 per barrel for Asian buyers as the US-Iran deal eases Strait of Hormuz tensions, impacting crypto

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.

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

Drone strikes in the Strait of Hormuz lifted oil prices as geopolitical risks resurfaced, even as weak physical crude markets continue to weigh on sentiment.

Stocks fell after reports of oil and gas tankers being fired upon. But shares of semiconductor makers weighed heavily on markets, too.

Oil market uncertainty remains high, as analysts debate whether lower prices will spur stronger demand while importers prepare for the possibility that Iran and Oman could impose…