US-Iran tensions
Oil prices closed mixed on Friday after early gains but surged for the week amid persistent Strait of Hormuz supply disruptions. Following mid-week stall in US-Iran talks that pushed prices above $100, traders monitor potential progress while fearing escalation. WTI crude settled around $95 per barrel.
Reported by AI
Amid the ongoing Iran conflict, where Iran has restricted Strait of Hormuz access to non-US/Israeli-linked ships, at least eight vessels—including three Iran-linked tankers—passed through on Tuesday, the first day of the US naval blockade on Iranian ports announced by President Donald Trump. Shipping data shows no interruptions, despite US claims of no breaches.