Economic TimesLean R·
Brent holds above $100 as tanker attacks deepen supply fear
Oil prices are holding steady as Brent crude exceeds one hundred dollars per barrel. Traders are anticipating further supply interruptions due to recent assaults on shipping. In response, Iran claimed it targeted ten vessels following the U.S. sinking five Iranian oil tankers. This back-and-forth suggests continued disruptions in the Persian Gulf. Furthermore, global stockpiles are dwindling, prompting an increase in oil price projections.
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