That report added a degree of risk premium to the oil price. At a time when markets had begun to assess a more diplomatic path, this reminder of ongoing military activity flipped the tone.
Until the details and duration become clear, the market is unlikely to fully price in a sustained increase in supply
Oil prices rose at the start of Asian trading on Tuesday after reports cited by The Wall Street Journal from US officials that the United States struck Iran's Qeshm Island, raising…
Oil prices fell in early Asian trading after US President Donald Trump signed an executive order exempting Russia from major sanctions and tariffs under the "Graham Law," reviving …