Daily Market Updates: Oil rises above $90 amid renewed U.S.-Iran exchange strikes

Commodities

Home›Commodities›Energy›Oil rises above $90 amid renewed U.S.-Iran exchange st…

Oil rises above $90 amid renewed U.S.-Iran exchange strikes

CNBC reports the latest strikes mark the first U.S.-Iran exchange since July, reviving concerns about potential supply disruptions.

Reported · Written up by our desk · Energy

Energy market participants monitored a renewed U.S.-Iran exchange after strikes that were the first since July, with the focus turning to potential supply risks. According to CNBC Markets, the developments pushed oil prices higher, taking them above $90 a barrel as traders weighed the possibility of renewed disruption in crude supply.

CNBC World said the market reaction reflected ongoing sensitivity to geopolitical developments, with prices reacting to the threat environment around Iran and the risk premium built into energy contracts.

Latest closeWTI crude $83.44 ▼0.1%

← Newer storyStrategy buys 4,603 more bitcoin for $369.7 million, holdings hit 845…Older story →MIT expert warns US debt burden could weigh on the economy

More like this

CommoditiesOil slips toward $83 as Strait of Hormuz flows rebound

CommoditiesUK considers added windfall taxes on oil firms and banks

CommoditiesOil prices climb to around $90 a barrel amid U.S.-Iran tensions

CommoditiesAsia diesel exports surge to Africa as Middle East supplies fall

CommoditiesBrent jumps back above $90 as US-Iran strikes resume

Sources

CNBC MarketsU.S., Iran exchange strikes for first time since July as Trump threatens strategic oil hub

CNBC WorldU.S., Iran exchange strikes for first time since July as Trump threatens strategic oil hub

Commodities

Oil rises above $90 amid renewed U.S.-Iran exchange strikes

More like this

Sources

Get the close, explained.