The Iran war’s big oil mystery: No one seems to want it
Oil prices are climbing toward $90 a barrel as fresh military escalations between the US and Iran threaten global energy supplies.
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The brief
Oil prices rose 2% following new attacks by the US and Iran. According to Barron's, oil is on track to settle above $90 a barrel for the first time since early June.
Coverage from the Financial Times and CNBC emphasizes the immediate impact of these attacks, while the International Energy Agency (IEA) has issued a warning regarding risks to energy supplies. Foreign Policy reports that the oil market remains more vulnerable than Donald Trump believes.
Future developments depend on the escalation of the Iran conflict and the resulting stability of energy supplies as monitored by the IEA.
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Quick answers
How much have oil prices increased?
According to CNBC, oil prices rose 2%.
What is the current price trajectory for oil?
Barron's reports that oil is on track to settle above $90 a barrel for the first time since early June.
Who has warned about energy supply risks?
The International Energy Agency (IEA) has warned of risks to energy supplies stemming from the escalation of the Iran conflict.
Coverage (5)
- Oil prices rise slightly after US announces new round of strikes on Iran Reuters · 18h ago
- The Oil Market Is Much More Vulnerable Than Trump Believes Foreign Policy · 18h ago
- Oil Is on Track to Settle Above $90 a Barrel for the First Time Since Early June Barron's · 18h ago
- Oil prices rise 2% on fresh attacks by US and Iran CNBC · 18h ago
- IEA warns of risk to energy supplies from escalation of Iran conflict Financial Times · 18h ago
Topics
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