Commodities
US-Iran Tensions Weigh on Oil Prices as Disruptions Loom
Oil prices declined on Thursday as investors assessed the uncertainty of renewed military strikes between the US and Iran, which threatens to disrupt oil supplies from the Middle East.
Brent crude futures fell 0.62 percent to $95.04 a barrel, while US West Texas Intermediate crude futures dropped 0.42 percent to $90.63.
The latest attacks marked the most substantial exchange of fire between the two nations since July, with the conflict now in its seventh month.
Analyst Tony Sycamore noted that oil prices had swung between gains and losses during the previous trading session, with no confirmed exchange of fire since around midday on Wednesday.