Oil price

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Oil Prices in Turmoil: Iran's Attack on Israel Sparks Market Chaos

Geopolitical tensions - Iran - Israel - Market premiums - Oil prices

Iran's attack on Israel sends shockwaves through oil markets. Will prices soar or stabilize? Find out more here!

Oil prices experienced a rollercoaster ride following Iran's attack on Israel. The initial shock led to a sudden fall as market participants reduced risk premiums. However, experts predict a potential surge in oil and natural gas prices as Asian trading opens. Tensions between Iran and Israel escalate, with Brent crude reaching a six-month high last week in anticipation of such actions.

Amidst the chaos, Israel's successful defense against Iran's large-scale aerial attack left oil prices slightly lower. The market's response remained cautious, shrugging off fears of a wider war. While Brent crude prices remained stable, experts warn of possible volatility in the event of Israeli retaliation.

As the situation unfolds, Iran's aggressive move of launching drones and missiles directly at Israeli targets marks a significant escalation in hostilities. The two nations are now engaged in direct conflict, intensifying geopolitical tensions. Metal traders are bracing for impact as the LME's Russia ban adds another layer of complexity to the market dynamics.

In summary, the oil market remains on edge as Iran's attack on Israel continues to reverberate across the globe. Will the conflict escalate further, driving prices above $90 per barrel? Stay tuned for more updates on this developing situation!

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Image courtesy of "Reuters India"

Oil prices fall after Iran attack as market draws down risk premium (Reuters India)

Oil prices fell during trade on Monday, as market participants dialled back risk premiums following Iran's attack on Israel late on Saturday which the ...

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Image courtesy of "Reuters.com"

Oil seen opening up after Iran's attack on Israel (Reuters.com)

"There will probably be a knee-jerk jump in oil and potentially natural gas prices when markets open in Asian trading hours, although crude was already pricing ...

Iran-Israel tensions: Oil prices lower after attack (BBC News)

Prices had already risen in expectation of action, with Brent crude near a six-month high last week.

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Image courtesy of "CNBC"

Oil prices fall slightly after Israel fends off large-scale aerial attack by ... (CNBC)

Iran launched more than 300 drones and missiles against military targets in Israel in an attack that President Joe Biden described as "unprecedented."

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Image courtesy of "Financial Times"

Oil market shrugs off fears of wider war after Iranian strike on Israel (Financial Times)

Price of Brent crude flat but experts warn of volatility in event of Israeli retaliation.

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Image courtesy of "The Wall Street Journal"

Iran Attack Live Updates: Israel War Cabinet Silent on Next Steps (The Wall Street Journal)

U.S. benchmark futures ended last week at $85.66 a barrel, or about 4% higher than a year earlier. Brent crude, a global price gauge, ended Friday at $90.45.

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Image courtesy of "Nairametrics"

Oil price to rise above $90 per barrel if Israel-Iran conflict continues ... (Nairametrics)

Iran launched explosive drones and missiles at Israel late on Saturday in retaliation for a suspected Israeli attack on its consulate in Syria on April 1, a ...

Oil Price Update: Prices fall as geopolitical tensions escalate - Oil ... (Oil and Gas Middle East)

Oil prices declined during Monday's trading session as risk premiums eased following heightened geopolitical tensions in the Middle East.

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Image courtesy of "The Business Times"

Metal traders get ready for fireworks after LME Russia ban (The Business Times)

Iran's attack on Israel marks a distinct escalation in hostilities by bringing the two nations into direct conflict, rather than fighting through proxies. Iran ...

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Image courtesy of "CNBC"

Oil prices could see 'super spike well above $100' if conflict ... (CNBC)

Iran is home to vast oil resources, and any disruption to its capacity to supply global markets could push prices higher.

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Image courtesy of "Wealth Briefing"

Oil Price Slips After Iranian Air Strikes Foiled (Wealth Briefing)

Although Israel and other forces reportedly shot down the vast majority of attack drones flown by Iran early on Sunday morning, the ratcheting up of ...

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