Oil Steadies, Gold Gains Awaiting Iran War Update
The movement of shipping through the Strait of Hormuz was significantly affected following the attacks on oil tankers and the targeting of the Aramco refinery, leading to a sharp decline in vessel transits. No ships were recorded passing through on Sunday, compared to 31 vessels at the start of last week. The data also showed a noticeable slowdown in shipping activity after the attacks, amid ongoing tensions between Iran and Gulf companies. At the same time, global oil prices remained steady around $88.35 for Brent crude and $81.02 for U.S. West Texas Intermediate, as the market awaits future oil supplies in light of these attacks and tensions.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)