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Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs

Oil prices dipped Tuesday as Iran and Israel paused attacks, easing immediate supply disruption fears. This followed a sharp rise on Monday amid renewed Middle East tensions. Despite the de-escalation, concerns linger over the Strait of Hormuz and Houthi actions impacting Red Sea shipping. OPEC+ agreed to boost output, but analysts doubt its effectiveness due to production struggles.

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Times of IndiaLean R·2h ago
Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs
Oil prices dipped Tuesday as Iran and Israel paused attacks, easing immediate supply disruption fears. This followed a sharp rise on Monday amid renewed Middle East tensions. Despite the de-escalation, concerns linger over the Strait of Hormuz and Houthi actions impacting Red Sea shipping. OPEC+ agreed to boost output, but analysts doubt its effectiveness due to production struggles.
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Times of IndiaLean R

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Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs

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Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs

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