Oil prices jump to five-month high as attacks threaten global supply
Source: The Guardian ·
Iran’s IRGC says it hit four vessels in the northern Gulf and three more struck mines near the strait of HormuzShipping workers: how is the Middle East conflict affecting you?Business live – latest updatesOil prices jumped to a five-month high on Thursday after attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply.Brent…
From the source
Oil prices jumped to a five-month high on Thursday after attacks in Saudi Arabia and hits to tankers in the strait of Hormuz threatened further disruptions to the world’s crude supply. Brent crude, the international benchmark for oil prices, rose by 3% to hit $112 a barrel for first time since 18 May. Yemeni Houthis, who are aligned with Iran, hit several targets in Saudi Arabia on Wednesday, with two people killed and eight more wounded in a civilian airport in Dammam, and two people killed in a drone attack on a Saudi oilfield. Elsewhere the Iranian Islamic Revolutionary Guard Corps (IRGC) said four vessels involved in “illegal” oil transfers in the northern Gulf were hit and caught fire after being tracked by its forces on Wednesday. It said three more vessels collided with mines west of the strait of Hormuz, and warned the US that continued provocations could lead to a wider response against its regional bases. The US has now ordered some diplomats and family members to leave…
BestAIBroker analysis
- Finance-aware sentiment: negative (-0.70 on a -1 to +1 scale).
- Event classification: OTHER.
- Market importance score: 33/100, weighting entity relevance, source credibility, multi-outlet coverage and recency.
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