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A model of an oil pump is seen in front of the OPEC logo in this illustration taken

Hormuz disruption risk keeps oil markets on edge despite easing US-Iran clashes

Market experts say global crude prices eased on tentative signs that the latest flare-up has started losing momentum Oil prices edged lower on Thursday as investors weighed the uncertainty of renewed military strikes between the US and Iran that risk disrupting supplies from the Middle East. Brent crude futures fell 43 cents, or 0.45%, to […]

Oil prices set for weekly gain as US-Iran hostilities intensify

Brent crude futures down 47 cents or 0.49% at $95.05 Oil prices eased on Friday but were still headed for a ‌weekly gain as rising US-Iran tensions heightened concerns over Middle East supply risks. Brent crude futures were down 47 cents or 0.49% at $95.05 a barrel by 1:13pm PKT, while US West Texas Intermediate crude futures lost […]