Daily Market Updates: Oil slips 3% to a 12-day low as U.S.-Iran tensions persist

Commodities

Home›Commodities›Energy›Oil slips 3% to a 12-day low as U.S.-Iran tensions per…

Oil slips 3% to a 12-day low as U.S.-Iran tensions persist

The move came as Iran said it plans a two-year approach to deal with Washington’s impact.

Reported · Written up by our desk · Energy

Oil prices fell 3% to a 12-day low amid ongoing developments in the U.S.-Iran conflict, with traders largely shrugging off the latest headlines, CNBC Markets reports.

CNBC World similarly attributed the drop to investors adjusting to the most recent U.S.-Iran messaging as tensions continue to weigh on the energy outlook.

The reports pointed to Iran’s stated two-year plan to cope with Washington’s so-called “economic D-Day” as part of the backdrop to the selloff.

← Newer storyCanada and Australia treat leaving as a taxable Bitcoin disposal Older story →United Airlines expands premium international routes into 2027

More like this

CommoditiesWTI falls near $82 as Iran sanctions fears cool

CommoditiesIndonesia, Malaysia and Singapore pledge to keep Malacca Strait open

CommoditiesOil prices fall about 3% as investors downplay Iran risk

CommoditiesIndia faces higher crude costs as Hormuz shipping rates jump

CommoditiesJapan expects lower oil imports but will not add reserve releases

Sources

CNBC MarketsOil drops 3% to 12-day low as Iran claims two-year plan to cope with Washington’s ‘economic D-Day’

CNBC WorldOil drops 3% to 12-day low as Iran claims two-year plan to cope with Washington’s ‘economic D-Day’

Commodities

Oil slips 3% to a 12-day low as U.S.-Iran tensions persist

More like this

Sources

Get the close, explained.