Trump said the US may conduct another military operation against Iran, as WTI crude rose $4.21 to $103.74 and Brent hit $117.27, the highest since May, amid reports of two supertankers striking mines in the Strait of Hormuz.
InvestingLive10/24, 02:50 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
WTI
Pushes up
DaysMedium confidence
Mine strikes near the Strait of Hormuz and Iran escalation threat raise the oil supply risk premium
Brent
Pushes up
DaysMedium confidence
Same Strait of Hormuz escalation risk supports Brent alongside WTI
Gold
Pushes up
DaysMedium confidence
Middle East escalation can lift safe-haven demand for Gold
What could change this
If no confirmed disruption to Strait of Hormuz oil flows materializes, the risk premium could fade quickly.
WTI before and after this story
103.44+3.99%vs previous close
-0.28%
since this story
Measured from the price when this story was posted to the latest stored price, so it can lag the live price.
This story
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LiveSquawk10/24, 02:36 AM
Trump said the US may conduct another military operation against Iran.