New strike hits Saudi Aramco facility in Jizan, damage assessment under way
A fresh attack targeted Saudi Aramco's Jizan facilities on Monday, with damage being assessed. Oil prices rose on the news.
A fresh attack targeted Saudi Aramco's Jizan facilities on Monday, with damage being assessed. Oil prices rose on the news.
Oil prices climbed on Friday amid US-Iran missile strikes in the Strait of Hormuz, with OPEC+ keeping output unchanged.
The rupee rallied on suspected RBI intervention despite higher oil and a steady dollar, with traders awaiting US CPI and Iran-related news.
European stocks edged lower at the open as rising oil prices and rate concerns offset tech-led gains in Asia.
Oil firmed after Hormuz attacks, gold slipped on strong jobs data, and Asian stocks were mixed as the Hang Seng fell while the Nikkei and Kospi gained.
Strait of Hormuz shipping traffic fell to its lowest since May, data show, despite US Navy claims of increased escorts.
Hedge funds raised oil bets to a three-month high as diesel and gasoline positions hit records, signaling persistent inflation risk.
OPEC+ held oil quotas steady for October as Hormuz disruption limits its market influence.
Iran plans to declare a restricted zone outside the Strait of Hormuz and warns of a faster, heavier and more painful response to any future attacks.
Iran warns of severe response; markets watch oil, gold and stocks over holiday.
The US jobs report beat expectations, the dollar initially jumped then fell back, and the yen showed signs of intervention.
Explosions reported over Al-Azraq and Muwaffaq al Salti air bases in Jordan, likely from intercepted Iranian missiles. US has not responded yet; WTI crudeβ¦
Crude oil futures rallied this week but slipped on the day, with key technical levels providing support and resistance.
Iran launched ballistic missiles, pushing WTI crude oil above $90 after a low of $79 on Aug 26.
US diesel hit a record $5.820/gallon amid low stockpiles. War-related fuel costs reached $97.5 billion.