Oil gains on Middle East supply concerns amid impasse in US-Iran war
Oil prices climbed on Thursday on concerns that the impasse in the US-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern producing region and tighten global supplies.
The war has also impacted the supply of refined fuels and drawn down inventories, with less crude available to refiners.
Shipping traffic through the Strait of Hormuz on Wednesday was unchanged from the day before as discussions to end the war between the United States and Iran remained deadlocked, according to the latest shipping data.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
