Oil prices fall as US pauses strikes on Iran over strait of Hormuz

The Guardian Business

Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall

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Oil prices have dropped sharply as traders bet that a pause in US attacks on Iran could prevent an escalation in the conflict that would further restrict global supply.

Brent crude, the international benchmark for oil, fell 9% to below $88 a barrel on Monday morning, after climbing to $100 last week when the Iran-aligned Houthis attacked Saudi Arabian oil tankers in the Red Sea.
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Brent crude drops 9% to below $88 a barrel, prompting UK government bond yields to fall

Business live – latest updates

Oil prices have dropped sharply as traders bet that a pause in US attacks on Iran could prevent an escalation in the conflict that would further restrict global supply.

Oil prices fall as US pauses strikes on Iran over strait of Hormuz

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Oil prices fall as US pauses strikes on Iran over strait of Hormuz

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'economy' 카테고리 뉴스

ASML and U.S. chip stocks sink on report of China’s DUV breakthrough

ICE canola futures fall sharply on Middle East peace hopes

Spain court orders H&M to stop worker bag and locker checks

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