Oil Fluctuates After Second Day of US Strikes on Iran

🌐 Bloomberg (IR) —

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Oil prices fluctuated following the second consecutive day of US military strikes on Iran, raising concerns about Middle Eastern crude supply stability. Vessel tracking indicated a reduction in traffic through the strategic Strait of Hormuz amid the heightened tensions.

Oil swung as traders assessed the outlook for Middle Eastern crude supplies after US forces conducted a second day of strikes against Iran. Vessel-tracking data on Thursday showed a drop-off in transits through the Strait of Hormuz. Bloomberg's Stephen Stapczynski reports. (Source: Bloomberg)

World Security Conflict Politics Markets Energy Shipping oil prices US strikes Iran Strait of Hormuz Middle East vessel traffic crude supply

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