Oil surges 16% for week as US-Iran attacks threaten Gulf shipping
Why it matters: Brent settled at $88.10 and WTI at $82.49 as tanker traffic through Hormuz slowed and a Red Sea disruption risk grew.
Subject
#Houthi Movement
Oil jumps 4.6% as US-Iran attacks threaten Hormuz and Red Sea
Why it matters: Brent settled at $88.10 and both crude benchmarks posted weekly gains of about 16% as tanker risks mounted.
Oil holds near $85 as US-Iran strikes choke Hormuz flows
What's new: Brent climbed nearly 12% for the week as tanker traffic through the strait fell by about 4.6 million barrels a day.
Oil climbs near 1-month high as US-Iran strikes squeeze supply
What's new: Brent was up nearly 12% for the week, with risks spreading beyond Hormuz to a possible Red Sea disruption.