Brent crude rises to $98 after attacks on Saudi energy facilities
Oil prices climbed Tuesday following weekend strikes between the U.S. and Iran and reports of Houthi attacks on Saudi energy infrastructure.
Brent crude oil reached $98 per barrel Tuesday as markets responded to escalating Middle East tensions. The price movement came after the U.S. and Iran exchanged strikes over the weekend, according to CNBC reporting.
Houthi forces, which are allied with Iran, reportedly targeted multiple Saudi energy facilities, raising concerns about potential disruptions to regional oil supply and broader geopolitical stability in the Middle East.
Sources
- Brent crude oil hits $98 after Iran's Houthi allies attack multiple Saudi energy facilities — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
Related articles
Ukrhydroenergo expects €21M EIB tranche for hydropower plant repairs
Ukraine's state hydropower operator anticipates the first funding installment from the European Investment Bank to restore equipment and boost operational resilience.
Global Markets Rise as Oil Prices and Bond Yields Decline
Easing supply concerns and clearer signals from the Federal Reserve on future policy helped lift equities worldwide, according to Anadolu Agency.
Venezuela's PDVSA Signs Energy Cooperation Deal with TotalEnergies Subsidiary
Acting President Delcy Rodriguez oversaw the signing of an agreement between state oil company PDVSA and TotalEnergies E&P New Ventures in Caracas, according to Anadolu Agency.
Trump Cuts Short Camp David Stay Amid Rising Middle East Tensions
President is returning to the White House as the State Department urges Americans to reconsider travel to the Middle East, according to Anadolu Agency.
Jordan, Bahrain Condemn Houthi Attacks on Saudi Arabia
The two nations reaffirm solidarity with Riyadh following reported drone interceptions and security alerts.
Iran Sets Terms for Peace as Saudi Forces Block Attack on Riyadh
Tehran's security chief has outlined conditions for ending conflict, including cessation of hostilities and removal of U.S. naval restrictions.
Comments
Loading comments…