Oil Prices Steady Amid US Iran War
Oil prices held steady in early trade as investors evaluated the ongoing US Iran war outlook and shipping security in the Strait of Hormuz. Benchmarks remained elevated following four sessions of gains, supported by regional tensions and shifting inventories.
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Brent Crude Oil rose 25 cents, or 0.3%, to $91.87 a barrel in early morning trade on Thursday amid ongoing assessments of the United States–Iran war. Prices hovered near their highest levels since July 24 following four consecutive sessions of gains. The persistent geopolitical uncertainty continues to keep energy markets elevated.
