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Omani Oil Exports Back to Normal After Drone Attack

Reuters reported the terminal suspended oil loading after an explosion near its mooring berths, with Brent at $95.37 a barrel.

  • On Friday, Oman's Mina Al Fahal terminal suspended oil loading following an alleged drone attack near its single-buoy mooring berths, Reuters reported.
  • Oman's location outside the Strait of Hormuz made the terminal attractive to oil buyers seeking to avoid regional hostilities, positioning it as a safer loading alternative.
  • Brent crude rose 0.35% to $95.36 a barrel Friday, while West Texas Intermediate traded at $93.06 following a 3.1% loss on Thursday as markets reacted to the instability.
  • Hezbollah leader Naim Qassem rejected a US-brokered ceasefire agreement Thursday, dimming hopes for ending Israeli strikes on Lebanon and the broader United States-Iran conflict.
  • Despite the Middle East conflict and Strait of Hormuz closure, OPEC Secretary General Haitham Al Ghais confirmed Thursday the organization maintains its 1.2 million barrels per day demand growth forecast.
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Bias Distribution

  • 43% of the sources lean Left
43% Left

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Oil Price broke the news in London, United Kingdom on Friday, June 5, 2026.
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