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Oil prices fall amid US-Iran tensions
Oil prices declined slightly today, Thursday, amid ongoing uncertainty regarding escalating tensions between the United States and Iran and their potential impact on Middle Eastern supplies. Brent crude fell by 0.37% to $95.28 per barrel, while U.S. West Texas Intermediate dropped by 0.18% to $90.85. This comes in the wake of renewed clashes between the U.S. and Iran, with the U.S. president discussing strikes on Iranian systems and efforts to support the stability of oil supplies, while shipping data indicates a slowdown in vessel traffic through the Strait of Hormuz, with a rising likelihood of disruptions to shipments from Iran.
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