NEW YORK — The price of oil surpassed $100 a barrel for the first time in almost six weeks after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain. The most heavily traded contract for a barrel of Brent crude, the international standard, settled at $97.89 […]
BENGALURU — Oil prices rose 2% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2%, to $84.98 per barrel by 0051 GMT, while […]
TOKYO — Oil prices climbed nearly 2% on Wednesday after the U.S. military launched airstrikes against Iran and reimposed crude sales sanctions, raising fears their fragile truce was unravelling and Middle East supplies could be disrupted again. The U.S. airstrikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait […]
SINGAPORE — Oil prices rose on Monday following days of tit-for-tat strikes by the U.S. and Iran that underscored the fragility of their interim peace deal and again slowed energy shipping through the Strait of Hormuz. Brent crude futures climbed 58 cents, or 0.8%, to $72.57 a barrel at 0207 GMT while U.S. West Texas […]
SINGAPORE — Oil prices rose on Monday after shipping through the Strait of Hormuz slowed while talks between US and Iranian officials in their first meeting under an interim peace deal were off to a bumpy start. Brent crude futures climbed 54 cents or 0.67%, to $81.11 a barrel by 0030 GMT, after touching a […]