Oil prices saw an uptick as renewed US-Iran tensions in the Middle East disrupted shipping through the Strait of Hormuz. Despite reports of a potential de-escalation and renewed talks, analysts caution that a full recovery of Gulf oil supply could take months due to lingering issues. Saudi Aramco has resumed loadings, but a recent helicopter crash adds to the complex situation.
Oil prices increased due to renewed US-Iran tensions disrupting shipping through the Strait of Hormuz. While de-escalation talks are reported, analysts warn that a full recovery of Gulf oil supply could take months. Saudi Aramco has resumed loadings, but a recent helicopter…
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