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Oil prices climb despite pause in hostilities
Oil prices rose slightly in early trading as investors worried about potential renewed conflict between Iran and Israel, despite a reported pause in hostilities encouraged by US President Donald Trump. The increase was driven by concerns over possible disruptions to Middle Eastern energy supplies and shipping routes.
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Adjacent reporting
- Oil rises as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks
- Oil climbs as Netanyahu and Trump remarks stoke worries over rising Middle East tensions
- Oil prices rise after fresh wave of attacks between U.S. and Iran
- Oil prices rise, but not by enough to drag Wall Street far off its records
- Oil prices rise, but not by enough to drag Wall Street far off its records
- Oil prices are volatile with potential easing of violence after an exchange of fire