Oil gains as Middle East hostilities stoke supply worries

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Oil prices rose Thursday as Middle East worries kept markets on edge, with the United States reportedly considering large-scale military operations in Iran in the coming weeks. International benchmark Brent crude gained 1.36% at $101.54 a barrel, while U.S. West Texas Intermediate futures advanced 1.04% at $89.32. According to NBC News, President Donald Trump and his national security team discussed possibly striking before next month’s midterm elections. Iran-backed Houthis have recently targeted airports in Saudi Arabia while Tehran has also attacked tankers in the Strait of Hormuz, heightening tensions in the region.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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