Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Brent Crude Falls 2% Amid Ongoing Middle East Tensions

Guavy AI Editorial Team
Instruments
Oil
Share

Oil prices have fallen for a third consecutive session on September 18, with Brent crude poised to post its first weekly loss in three weeks as markets assess the outlook for the conflict in the Middle East.

The Strait of Hormuz incident is being closely watched by traders. On Thursday, September 17, Iranian state media reported that the naval force of the Islamic Revolutionary Guard Corps targeted a Togo-flagged oil tanker attempting an 'illegal transit' through the strait, according to Reuters.

Markets are awaiting data from Baker Hughes on the number of US oil and gas rigs later today. This will provide insight into US supplies.

More on Commodities

Commodities 3m ago

Finance Ministry Releases ₹70,000 Crore in Food Subsidy to FCI

Commodities 3m ago

Pakistan Gold Price Fluctuates Amid Global Market Trends

Commodities 5m ago

Ukraine Speeds Up Grain Exports with Digital Phytosanitary Certificates

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy