Oil Prices Slip Despite New Attacks Across the Middle East

Crude oil prices ticked lower today on reports that oil tankers were still passing through the Bab el-Mandeb Strait, despite information about renewed strikes between the U.S. and Iran, and a drone attack on a tanker in an Egyptian port.

At the time of writing, Brent crude was trading at $89.46 per barrel, with West Texas Intermediate at $83.54 per barrel, both down by about 1% since Wednesday’s close.

Meanwhile, the U.S.

Central Command announced renewed strikes on targets in Iran on Wednesday, saying “The strikes are a powerful response…