Global oil prices surged as President Trump expressed impatience with Iran, fueling fears of Strait of Hormuz disruptions. Brent and WTI crude saw significant weekly gains amid uncertainty over the Iran conflict and supply concerns. Despite claims of increased vessel crossings, the Strait remains a critical choke point, with maritime incidents further heightening market anxieties about tight supply. Global oil prices surged as President Trump expressed impatience with Iran, fueling fears of Strait of Hormuz disruptions. Brent and WTI crude saw significant weekly gains amid uncertainty over the Iran conflict and supply concerns. Despite claims of increased vessel crossings, the Strait remains a critical choke point, with maritime incidents further heightening market anxieties about tight supply.
Trending
- Hardik Pandya likely to return for KKR clash, confirms MI teammate
- Buckingham Palace hosts historic meeting between King Charles and New Zealand’s Māori Queen
- Petrol, diesel price hike: Indian Oil director calls it ‘very small rise’
- Fuel gets costlier: Centre raised petrol, diesel prices by Rs 3 – key details
- ‘Arshdeep should be banned’: Ex-India star fumes over racist remark on Tilak Varma
- ‘Trading away honour’: Congress slams PM Modi after reports of India seeking US waiver on Russian oil
- Price prediction: Where are gold rates headed today & what should investors do?
- Unnao rape case: Supreme Court quashes Delhi HC order suspending Kuldeep Singh Sengar’s life term
Oil prices today: Crude rises over 1% as Trump warns Iran, Hormuz concerns persist
By
Add A Comment