Oil Is Falling Despite Fresh Attacks: What Does the Market Know Now?
4 Articles
4 Articles
Investors will continue to focus on the Middle East today, with Iran-backed Houthis launching missiles and drones into Saudi Arabia on Saturday, as Washington and Tehran threatened each other with further strikes. The Fed raised interest rates for the first time in three years last week due to stubborn inflation, while oil prices remain near $100. However, Brent crude is down today on favorable volume data, and a cautious rise is expected on the…
Oil is falling despite fresh attacks: what does the market know now?
Oil prices fell on Monday as markets watched to see if Saudi Arabia's oil supplies would recover after the weekend attacks.
US-Israel-Iran War Latest Live News: UKMTO Says Strait of Hormuz Traffic Remains Below US Figures as Oil Prices Dip Despite Houthi Attacks on Saudi Arabia Amid Gulf Security Escalates
Hormuz shipping remains sharply below normal as Houthi-Saudi fighting intensifies, while oil prices ease despite continuing regional risks.
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