Oil prices rise amid US-Iran tensions and earnings
after close1 source ↓written by the desknot a recommendation
- from lows near
- $80 a barrel
- from lows near
- $70
Oil prices surged as US-Iran tensions escalated, with Brent crude rebounding to $80 a barrel from lows near $70. The collapse of a ceasefire led to renewed US strikes on Iran, impacting Strait of Hormuz traffic. This week, key economic indicators like US CPI and China GDP will shape market sentiment as bank earnings season kicks off.
Not investment advice. For informational purposes only.