Energy

Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning - CNBC

Source: CNBC

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DW NOTE

Bessent threatens to ground Iranian airlines while oil falls 14% in a week despite the Strait of Hormuz remaining shut since February. The market has priced in a 6% global supply loss and moved on — which means it has priced in nothing at all should this escalate beyond rhetoric.

Read the full story at CNBC →

The United States has not pressured India to cut crude oil imports from Russia, Indian Oil Minister Hardeep Singh Puri said on Tuesday, as Russian cargo arrivals to the world’s third-largest crude oil importer have declined in recent weeks amid an increase in imports from the Middle East. India’s pu

Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning - CNBC

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