Saudis Push Maritime Coalition as Oil Finds Support Oil prices remained supported near $90 per barrel despite an expected 8 per cent weekly decline, as security concerns in the Strait of Hormuz and the Red Sea continued to threaten global…
Brent Drops Below $70 as Israel-Iran Ceasefire Holds
Oil prices reacted to the Israel-Iran ceasefire quicker than they did at the onset of the conflict, falling by $6.5 per barrel on Monday, with ICE Brent continuing the drop below $70 per barrel. The closure of the Strait of…