Oil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz Fears

Oil soars above $105 in wake of Saudi airport strike, Ukraine energy attack blamed on Russia

Oil soared above $105 a barrel Monday morning in the wake geopolitical turmoil, with an Iran-backed group launching a deadly strike on a Saudi airport and Ukraine accusing Russia of attacking energy facilities in spite of a ceasefire declared by President Trump.

Oil Jumps 2% as Saudi Attacks and Tanker Strikes Revive Hormuz Fears

Oil prices climbed to their highest levels in nearly two weeks on Monday morning as fresh attacks on Saudi Arabia and oil tankers near the Strait of Hormuz put Middle East supply risks back at the center of the market, outweighing President Donald Trump's announcements of additional Russian diesel supplies and a Russia-Ukraine energy ceasefire. West Texas Intermediate was trading at $93.78 per barrel, up $1.93, or 2.10%, on Monday morning, while…

Oil surges as fresh Middle East attacks and Trump ‘energy ceasefire’ claim fuel uncertainty

The Brent crude oil price reached nearly $107 a barrel Monday after Yemen’s Iran-backed Houthi movement launched strikes on Saudi Arabia, heightening worries about tight global supplies heading into the Northern Hemisphere winter. Doubts surrounding US President Donald Trump’s claim of an “energy ceasefire” between Ukraine and Russia, following his surprise announcement of a deal […]

Oil Rises 2% as Saudi Attacks, Tanker Strikes Renew Hormuz Fears

Brent crude reached $106.80 a barrel and West Texas Intermediate climbed to $93.78 as attacks raised concerns about Gulf energy shipments.

Oil Prices Today: Brent Crude Climbs to Near Two-Week High at $106.19 as Houthi Attacks on Saudi Arabia and Strait of Hormuz Tanker Strikes Raise Supply Fears

Oil Price Today: Oil prices climb near two-week highs as Houthi attacks on Saudi Arabia and tanker strikes near the Strait of Hormuz raise supply fears despite Russia's planned diesel exports.