Tag: us-iran conflict
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US, Iran keep up hostile rhetoric ahead of new sanctions
Iran’s foreign ministry said that the imminent US announcement of new economic sanctions on Iran was an “assertion of extraterritorial sovereignty over every independent member state of the United Nations.”
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Oil prices fall 5% to two-week low on hopes for US-Iran conflict easing
July 28 : Oil prices dropped 5 per cent on Tuesday to a two-week low, on cautious hopes for a resolution to the Iran war as traders assessed developments in the Middle East.Brent futures fell $4.61, or 5.2 per cent, to $83.75 a barrel at 12:01 p.m. EDT (1601 GMT). U.S. West Texas Intermediate (WTI)…
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Oil prices rise to six-week high as US-Iran tensions escalate
Oil prices rose more than 1.5 per cent to their highest in more than six weeks on Thursday (Jul 23), with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea. Brent crude futures rose US$1.93, or 2 per cent, to US$96 by 12.11am…
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Commentary: Trump is slipping into an Iran quagmire
America cannot achieve its aims by negotiation. So, regime change is back on the agenda, says Financial Times’ Gideon Rachman.
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Iran renews attacks on Gulf states after another night of US strikes
Both sides also took aim at shipping traffic, with the US saying it was enforcing a naval blockade while Iran said it targeted vessels that violated its rules on navigating the Strait of Hormuz.
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Oil eases as traders weigh US-Iran conflict risks
July 16 : Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through the Strait of Hormuz.Brent crude futures were down 58 cents, or 0.68 per cent, to $84.37 a barrel at 0808 GMT, while U.S. West Texas Intermediate future
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Oil hits four-week high as US-Iran conflict escalates
July 14 : Oil prices rose on Tuesday to their highest in four weeks, after the U.S. reimposed a naval blockade of Iran and renewed attacks between Washington and Tehran heightened concerns over energy flows through the Strait of Hormuz.Brent crude rose to its highest since June 12 and WTI to its highest since
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