The Commodities Feed: Oil prices cool despite US-Iran deadlock

🌐 Hellenic Shipping News (Greece) —

AI Summary

Oil prices remain subdued amid a deadlock between the US and Iran. Brent crude ended flat despite ongoing tensions, while drone attacks on Russia’s Novorossiysk port added pressure to energy flows.

Energy – EU gas storage drops Oil prices edged lower through much of yesterday’s session; Brent crude ended the day largely flat. There was little in the way of fresh developments between the US and Iran, with both sides remaining in a deadlock. Meanwhile, the latest large drone attack on Russia’s Novorossiysk port appears to ...

Security Politics Markets Commodities Energy Shipping oil prices US-Iran deadlock Brent crude drone attack Novorossiysk port energy markets

Read original source →