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The Commodities Feed: Oil higher as supply risks persist

Energy – US-Iran negotiations continue Oil prices remain supported by uncertainty surrounding the Strait of Hormuz. While US President Donald Trump said Washington is “semi-negotiating” with Iran…

  • Oil prices remain high due to Strait of Hormuz supply risks
  • Gas prices increase for second day, driven by demand from power sector
  • Copper imports from China decline, iron ore imports modestly rise

Oil pares gains as Hormuz uncertainty, Houthi attacks keep supply risks elevated

Oil prices pared earlier gains on Monday as uncertainty over the reopening of the Strait of Hormuz kept supply concerns elevated, while fresh attacks claimed by Iran-backed Houthi militants against…

  • Oil prices slightly rebound to $83.98 for Brent and $78.44 for WTI
  • Uncertainty over Strait of Hormuz reopening and Houthi attacks persist
  • Red Sea and Black Sea disruptions heighten supply risks

More from Monday 10 August →