Oil futures rise over $2 on U.S.-Iran tensions
pre-market1 source ↓written by the desknot a recommendation
- both rising
- $2 per barrel
Oil markets reacted sharply to escalating tensions between the U.S. and Iran, with Brent crude and U.S. crude futures both rising over $2 per barrel. Reports indicate that Iran has instructed the Houthi movement to prepare for potential closure of the Red Sea oil route, a vital energy supply channel. This poses a significant threat to global oil supplies as the Houthis are ready to act, having positioned missiles and drones near the Bab el-Mandeb Strait.
Not investment advice. For informational purposes only.