Oil prices ease as Middle East conflict widens and attacks resume

1 min read
Source: The New York Times
Oil prices ease as Middle East conflict widens and attacks resume
Photo: The New York Times
TL;DR Summary

Oil prices pulled back after spiking amid attacks on energy infrastructure in the Persian Gulf as the Iran–Israel conflict continues, with several strikes on gas hubs and refineries, disruptions to LNG in Qatar, and ongoing threats to shipping through the Strait of Hormuz; the United States weighs policy moves (sanctions, SPR releases) and allies monitor the economic fallout and volatility in global energy markets.

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