Oil prices rise as attacks on Middle East energy infrastructure intensify
The Facts
- Oil prices rose on Tuesday after fresh attacks targeted energy infrastructure and crude-producing neighbours in the Middle East.
- The price rebound followed a sharp decline the previous day after the International Energy Agency chief said more oil stockpiles could be released if needed.
- Brent crude and West Texas Intermediate both traded higher on Tuesday, with multiple reports placing Brent above $102 a barrel and WTI in the mid-to-high $90s.
- Equity markets were generally higher as investors also focused on upcoming central bank meetings.
- Several reports said stock gains were helped by Nvidia's forecast of at least $1 trillion in revenue through the end of 2027.
- The Strait of Hormuz remained a major concern for markets because of disruptions and threats to shipping linked to the conflict.
Context
Why did oil prices move higher again on Tuesday?
Reports said fresh attacks hit energy infrastructure and crude-producing areas in the Middle East, renewing supply concerns and pushing prices up after Monday's drop Asianet News Networ… Standard Digital Ne… Digital Journal.
What role did the International Energy Agency play in the previous day's price drop?
Oil fell on Monday after the IEA chief said more stockpiles could be tapped if needed, which reassured markets that additional supply could be released Asianet News Networ… SpaceWar CNA.
Why were stock markets rising at the same time?
Sources said equities were supported by optimism ahead of central bank meetings and by Nvidia's strong long-term revenue forecast, which helped offset some conflict-related concern SpaceWar Manila times Standard Digital Ne….
The receipts — 66 sources
Wire services (2)
Independent coverage (64)
جريدة الأهرامStocks extend gains, oil sinks as US, Israel, Iran press on ...
Standard Digital News - KenyaThe Middle East war: global economic fallout
Kuwait TimesStocks extend gains, oil sinks as US, Israel, Iran press on ...
Mountain DemocratStocks extend gains, oil sinks as US, Israel, Iran press on ...
The Daily StarStocks extend gains and oil dips as US, Israel, Iran continu...
SpaceWarMiddle East war: global economic fallout
Hurriyet Daily NewsStocks extend gains and oil dips as US, Israel, Iran continu...
Channels TelevisionStocks Extend Gains, Oil Dips As US, Israel, Iran Continue S...
SpaceWarMiddle East war: global economic fallout
Bangladesh Sangbad Sangstha (BSS)Stocks extend gains and oil dips as US, Israel, Iran continu...
InquirerAsian stocks gain and oil dips as US, Israel, Iran continue ...
RTL TodayStocks extend gains and oil dips as US, Israel, Iran continu...
Digital JournalStocks extend gains and oil dips as US, Israel, Iran continu...
The Grand Junction Daily SentinelStocks extend gains and oil dips as US, Israel, Iran continu...
Daily TrustOil Prices Climb As Fresh Strikes Target Infrastructure - Da...
SpaceWarMiddle East war: global economic fallout
SpaceWarMiddle East war: global economic fallout
New Age | The Most Popular Outspoken English Daily in BangladeshOil climbs as fresh strikes target infrastructure
The Manila timesOil prices climb as fresh strikes target infrastructure
Standard Digital News - KenyaOil prices climb as fresh strikes target infrastructure
Khmer TimesOil up again in Asian trade, with focus on Iran war
The Daily ObserverOil prices spike more than 5pc as worries grow over Hormuz
VanguardOil prices climb as fresh strikes target infrastructure
Head TopicsOil prices climb as fresh strikes target infrastructure
Asianet News Network Pvt LtdOil Prices Spike As Fresh Attacks By Iran Targets Energy Sup...
WitnessOil prices climb as fresh strikes target infrastructure | Th...
Digital JournalOil prices climb as fresh strikes target infrastructure
The Grand Junction Daily SentinelOil prices climb as fresh strikes target infrastructure
Yahoo! FinanceOil prices climb as fresh strikes target infrastructure
RTL TodayIran attacks: Oil prices climb as fresh strikes target infra...
SpaceWarMiddle East war: global economic fallout
Manila StandardPSEi rebounds as bargain hunters end 3-day slump fueled by c...
IOLIran considering yuan-only oil transit through Strait of Hor...
VanguardOil prices spike more than 5% as worries grow over Hormuz
thesun.myOil prices surge over 5% as Hormuz tensions escalate
SudOuest.frGuerre au Moyen-Orient : le prix du pétrole bondit encore de...
CharenteLibre.frFlambée du pétrole : + 5 % après de nouvelles frappes au Moy...
Algoa FMOil prices spike more than 5% as worries grow over Hormuz
La Libre.be"Face à la prolongation du conflit en Iran, les investisseur...
The Manila timesOil prices spike more than 5% as worries grow over Hormuz
TRT WorldOil prices jump over 5 percent as worries grow over Hormuz
milletnews.comOil prices jump as prolonged Hormuz halt pushes crude near $...
mid-dayUS Israel attack Iran: Oil prices rise as Hormuz tensions d...
20minutesLe prix du pétrole connaît une nouvelle poussée de fièvre
Le Journal de MontrealNet rebond du pétrole, prudence des Bourses d'Asie
Naija NewsCrude Oil Prices Surge Further, Global Stocks Extend Gains A...
AllnewsPrudence des Bourses d'Asie face au rebond du pétrole
TVA NouvellesNet rebond du pétrole face aux attaques d'infrastructures du...
The New Indian ExpressOil prices spike more than 5 per cent as worries grow over H...
en.etemaaddaily.comOil Prices Rises Again as Worries Grow Over Strait Of Hormuz
Channels TelevisionOil Prices Jump Again As Worries Grow Over Hormuz
Le Figaro.frLe pétrole rebondit en début d'échanges, les Bourses de Toky...
Oman ObserverOil prices spike more than 5% as worries grow over Hormuz
eNCAnewsEquities rise on oil easing, with focus on Iran war and cent...
GEO TVOil prices jump again as worries grow over Hormuz
Bangladesh Sangbad Sangstha (BSS)Oil up again in Asian trade, with focus on Iran war | Busine...
Bangladesh Sangbad Sangstha (BSS)Oil prices jump again as worries grow over Hormuz | Business
Deccan ChronicleOil Prices Jump Again as Worries Grow Over Hormuz
The Manila timesOil up again in Asian trade, with focus on Iran war
CNAOil up again in Asian trade, with focus on Iran war
news.rthk.hkEquities rise on oil easing, with focus on Iran war - RTHK
Owensboro Messenger-InquirerEquities rise on oil easing, with focus on Iran war and cent...
The Anniston StarEquities rise on oil easing, with focus on Iran war and cent...
Floyd Chronicle & TimesEquities rise on oil easing, with focus on Iran war and cent...
The news, read by both sides.
The day’s biggest stories in one short brief, built to show both sides and the competing values behind the headlines. Free in your inbox.