SECURITYASIA TIMES
Is the Gulf losing its grip on the oil world?
The global oil market has shown resilience during the Iran war, with prices remaining around $100 per barrel despite disruptions through the Strait of Hormuz, a critical oil transit chokepoint. Observers had initially expected higher price volatility due to the geopolitical tensions.
Related Signal
Adjacent reporting
- Global oil demand to plunge amid disruptions caused by war on Iran: IEA
- Wall Street retreats from record highs before the bell as Iran war pushes oil above $100
- Monthly oil prices set to dip as Iran war reaches stalemate
- The world lost nearly 1 billion barrels in oil supply over the past 75 days. Why investors aren’t worrying enough.
- US Stock Futures Fall, Oil Climbs on Iran Tensions: Markets Wrap
- Bitcoin approaches $82,000 as oil crashes 6% on fresh Iran peace deal hopes