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Oil prices rise as latest fighting resurrects Middle East supply disruption risks

By GhanaSummary Newsroom1 min read
Oil prices rise as latest fighting resurrects Middle East supply disruption risks

Highlighting the risks that remain to shipping and oil supply, the United Kingdom Maritime Trade Operations agency (UKMTO) said on Tuesday ​that a tanker reported being struck by three projectiles while sailing out of the Strait of Hormuz.

Crude oil inventories in the U.

Analysts polled by Reuters in August expect oil prices to remain above $80 a ​barrel in 2026 as shipping disruptions continue.

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