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!
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 ...
"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 ...
Prices had already risen in expectation of action, with Brent crude near a six-month high last week.
Iran launched more than 300 drones and missiles against military targets in Israel in an attack that President Joe Biden described as "unprecedented."
Price of Brent crude flat but experts warn of volatility in event of Israeli retaliation.
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.
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 prices declined during Monday's trading session as risk premiums eased following heightened geopolitical tensions in the Middle East.
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 ...
Iran is home to vast oil resources, and any disruption to its capacity to supply global markets could push prices higher.
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 ...