ECONOMYEconomic Times Markets ยท 2 hours agoLive
Oil eases on Middle East diplomacy hopes, Saudi attacks keep supply worries alive
Reported by Economic Times Markets, not nibnow. We are not the publisher of this story, only the source is.
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WHAT HAPPENED
Oil prices took a slight dip as Saudi Arabia, Turkey, Pakistan, and Iran engage in diplomatic discussions aimed at quelling tensions. However, the situation remains precarious with increased attacks from Iran-aligned Houthis, causing doubts about further price drops. Brent crude futures remain near six-month peaks, influenced by persistent threats. The Strait of Hormuz, vital for global energy, faces rising risks.
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