Brent crude fell to $97.43 a barrel on September 22 before recovering to around $100, as Trump’s UNGA remarks on Iran raised cautious hopes of a future deal and briefly reversed the Houthi-driven spike to $103.
Tag: oil
Posted inMarkets
Houthi Strike on Riyadh Airport Sends Brent to $103
Houthi forces hit Riyadh’s King Khalid Airport on Saturday, the first attack on the Saudi capital since March, sending Brent crude to $103.
Posted inMarkets
Brent Crude Tops $108 as Iran Shoots Down US Drones and Tanker Burns off Oman
Brent crude climbed above $108 per barrel on September 15, the highest in over four months, after Iran claimed to have downed two US drones and an oil tanker caught fire near Oman.
Posted inWorld
Saudi Arabia Shuts East-West Pipeline as Houthi Drone Strikes Wound 73
Saudi Arabia shut its East-West oil pipeline after Houthi drone and missile attacks wounded 73 people at southern oil facilities, pushing Brent crude to $108.68 a barrel and cutting the kingdom’s main Hormuz bypass route.
Posted inMarkets
Brent Crude Surges to $95 as Renewed US-Iran Strikes and Mine Reports Rattle Oil Markets
Brent crude rose roughly 5% to $94.86 a barrel on September 2, its highest since late July, after the US military launched fresh strikes around the Strait of Hormuz following alleged Iranian mine-laying.
Posted inMarkets
Brent Crosses $90 as US-Iran Strikes Revive Hormuz Risk
Brent crude climbed above $90 per barrel on August 31 after US forces struck Iranian rocket launchers in the Strait of Hormuz, sending the Dow down over 370 points as energy traders repriced supply risk.
Posted inMarkets
Crude Oil Retreats on US Inventory Build and Weak Demand as Hormuz Risks Linger
WTI crude slipped to around $81 a barrel on August 14 as a substantial US stock build and signs of slowing global demand overshadowed ongoing supply risk from the Strait of Hormuz.
Posted inMarkets
Brent Rises Above $84 as Iran Demands Sanctions Relief Before Hormuz Can Reopen
Brent crude climbed past $84 a barrel on August 10 as Iran’s foreign minister ruled out any Strait of Hormuz deal without US sanctions relief and war reparations, keeping a risk premium in oil prices.
Posted inMarkets
Brent Crude Falls 5% as Iran-US Pause Eases 13-Day Supply Threat
International oil benchmark Brent crude fell roughly 5% on July 27 after the US halted strikes on Iran and Tehran signalled it would reciprocate, reversing part of the war-driven premium that had pushed prices above $100 a barrel.
Posted inGeopolitics
Iran Signals Attack Halt as US Pauses 13-Day Strike Campaign
After thirteen consecutive days of US air and naval strikes, Washington paused military operations against Iran on July 26 and Tehran indicated it would reciprocate, opening the first serious diplomatic space since the conflict began.