The Commodities Feed: Oil near $90 on escalating Middle East risks

🌐 Hellenic Shipping News (Greece) —

AI Summary

Brent crude oil prices approached $90 per barrel amid escalating risks in the Middle East, including renewed fighting in Lebanon and attacks in the Strait of Hormuz. These developments elevate concerns over regional supply disruptions and complicate prospects for a US-Iran deal.

Energy – Brent near $90/bbl on supply risks ICE Brent traded just below $90/bbl in early Asian trading, extending Monday’s gains. Prices remained supported by renewed fighting in Lebanon and attacks on vessels in the Strait of Hormuz, raising concerns over regional supply disruptions and complicating prospects for a US-Iran deal. Several vessels, including ships ...

World Security Conflict Politics Markets Commodities Energy Brent crude Middle East Lebanon fighting Strait of Hormuz oil prices supply risk US-Iran deal

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