Tag: oil rises
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Oil rises on intensifying US-Iran hostilities, threat of Red Sea closure
NEW DELHI, July 17 : Oil prices rose on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi political and military organisation to stand ready to shut the Red Sea export route. Brent…
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Oil rises on intensifying US-Iran hostilities and threat of Red Sea closure
PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of Hormuz and with Tehran asking the Houthi movement to stand ready to shut the Red Sea export route. Brent crude futures rose…
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Oil rises after US-Iran hostilities flare again with strikes on energy targets
PERTH, July 15 : Oil rose on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Iran launched retaliatory strikes on U.S. infrastructure in the region.For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest sinc
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Oil rises after US launches fresh strikes on Iran
July 9 : Oil prices rose more than 1 per cent on Thursday after the U.S. carried out fresh strikes on Iran, denting hopes for talks to end their war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies.Brent crude futures rose 86 cents, or…
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Oil rises after US launches fresh strikes against Iran
BEIJING, July 9 : Oil prices rose on Thursday after the U.S. launched fresh strikes against Iran, denting hopes for an end to the Iran war and for the full reopening of the Strait of Hormuz, a chokepoint for one-fifth of pre-war global oil supplies.Brent crude futures rose 78 cents, or 1 per cent to…
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Oil rises more than a dollar per barrel as US launches fresh strikes against Iran
NEW YORK, July 8 : Oil prices rose more than a dollar a barrel in post-settlement trade on Wednesday after the U.S. military began launching fresh strikes on Iran.Both crude benchmarks had settled at their highest in over two weeks after U.S. President Donald Trump threatened fresh strikes against Iran as soo
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Oil rises to two-week high as US and Iran trade strikes
July 8 : Oil prices gained over 2 per cent on Wednesday, climbing to a two-week high after Iran and the U.S. traded airstrikes and Washington reimposed crude sales sanctions on Tehran, raising fears their fragile truce was unravelling and Middle East supplies could again be disrupted. Brent crude futures ga
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Oil rises on US-Iran strikes; cautious hopes for shipping cap gains
HOUSTON, June 29 : Oil prices gained more than 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal, while cautious hopes of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iranian and U.S. technical teams working on t
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Oil rises on US-Iran strikes; gains capped by shipping hopes
LONDON, June 29 : Oil rose almost 1 per cent on Monday after attacks by the U.S. and Iran underscored the fragility of their interim peace deal while expectations of a continued recovery in energy shipping through the Strait of Hormuz limited gains.Iran and the U.S. agreed to renew talks over the strait, rais
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Asian stocks mixed and oil rises as US, Iran call end to latest attacks
Equity markets fluctuated, with Hong Kong, Manila, Sydney, Taipei and Wellington up but Jakarta, Seoul, Shanghai, Singapore and Tokyo down.
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