Crude oil rises after tanker attacks and stalled Iran talks
Crude oil futures climbed as Brent settled at US$88.52 a barrel, up $1.45, and U.S. WTI finished at US$82.40, up $1.15, with both benchmarks on track for weekly gains near 6% and 5.4%. Traders cited new attacks on tankers, a suspension of exports from Russia's Novorossiysk port after a drone strike, and stalled ceasefire talks between the Trump administration and Iran as drivers. U.S. officials signaled potential indefinite naval and economic pressure on Iran, while IEA and EIA data showed inventories holding up, complicating the supply-risk outlook and consumer fuel costs.
Brent settled at US$88.52 after tanker attacks and stalled talks.
Context
Tanker attacks and stalled ceasefire talks raised supply concerns. The Strait of Hormuz…
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