HighNegative
Announced Wed, 22 Jul · 07:03 IST

Crude oil prices rally on supply disruption amid escalating US-Iran war; Brent above $92 per barrel

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Crude oil prices edged higher on supply disruption fears as US forces struck Iranian military targets for the 11th consecutive night, with Kuwait reporting intercepted Iranian drones. Brent crude futures traded above $92 per barrel, gaining 0.55 percent to $91.51, while US WTI crude rose 0.36 percent to $84.64. Yemen's Houthi rebels also threatened to target ships transporting Saudi crude through the Bab el-Mandeb Strait, intensifying concerns over global energy supply disruptions.