Oil futures rise over $2 amid U.S.-Iran tensions
after close1 source ↓written by the desknot a recommendation
- rising
- $2 per barrel
Oil markets reacted sharply to escalating U.S.-Iran tensions, with Brent crude and U.S. crude futures rising by over $2 per barrel. This surge follows reports of Iran directing Yemen's Houthi movement to prepare for potential closure of the Red Sea oil route, a critical energy supply channel. The Houthis have positioned missiles and drones near the Bab el-Mandeb Strait, heightening concerns over global energy supplies.
Not investment advice. For informational purposes only.