Markets Monitor U.S.-Iran Conflict for Supply Risks

Brent Crude Extends Rally as Middle East Tensions Persist Markets Monitor U.S.-Iran Conflict for Supply Risks Oil prices continued to rise today, with Brent crude gaining $1 to trade at $92.01 a barrel, while U.S. West Texas Intermediate (WTI) increased 82 cents to $85.16 a barrel. The gains followed yesterday’s strong rally, when both benchmark […]

Bahrain Welcomes U.S.-Iran Deal and Reopening of Strait of Hormuz

Manama says diplomatic breakthrough and renewed maritime traffic will boost regional stability, energy security and economic confidence Bahrain has welcomed the preliminary agreement between the United States and Iran aimed at easing regional tensions, describing the diplomatic breakthrough as an important step toward restoring stability in the Gulf and ensuring the safe passage of commercial […]