16 Hrs
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المشهد العربي
Oil drops after US energy target pause
Oil prices' modest gains retreated following a U.S. proposal to halt targeting energy facilities, amid ongoing concerns over global supply disruptions due to escalating attacks between Washington and Tehran in the Middle East. The market was affected by an incident involving a commercial ship struck by an unknown projectile in the Strait of Hormuz, while Russia welcomed Trump's proposal to stop targeting energy facilities in Ukraine. Expectations are also high for the release of U.S. oil inventory data, which could influence prices. Brent crude slightly rose to around $105.92, and WTI reached $102.35 per barrel.
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