Commodities & currencyBusiness Standard
Oil prices set for second weekly drop as Trump to stay with Iran blockade
Positive+6
GreyOak summary
Oil prices fell for the second week as US President Trump confirmed he will maintain the blockade on Iran. Brent crude dropped 2.4% to $95.41, while WTI declined 2.5% to $88.52. Despite reduced fears of large-scale conflict, risks persist from Houthi attacks on Saudi infrastructure and US inventory increases.
What it affects
- Brent crudePositive +6
Brent fell 2.4% to $95.41 amid geopolitical risks.Rolling sentiment Neutral +11
- GeopoliticsNegative -6
US blockade continues, reducing large-scale fighting fears.Rolling sentiment Negative -23
