Oil prices climbed on Friday, nearing their largest weekly gain since mid-July. Escalating US-Iran tensions raised concerns over potential crude supply disruptions from the Middle East. Fierce clashes between Washington and Tehran have intensified, impacting energy infrastructure worries. Meanwhile, Russian President Putin suggested a path to ending the Ukraine war. Both US and China reportedly…
Oil prices are on track for their biggest weekly gain since mid-July as Middle East tensions continue to escalate, according to reports from the Times of India. Brent crude futures rose 0.2% to $95.67 a barrel, while US West Texas Intermediate crude gained 0.3% to $91.56. The increase comes after US attacks killed and wounded dozens of Iranian civilians, marking the fiercest clashes between Washington and Tehran since July.
Concerns over the impact on energy infrastructure and the Strait of Hormuz have also contributed to the market's bullish sentiment. Iraqi oil exports are expected to rise as discounts and Iranian approvals encourage buyers.
Brief written by urgent.news from Times of India's own syndicated text.
Machine-written — may contain errors; check the original before relying on it.
HONG KONG: The Japanese yen clung to its gains against the US dollar on Friday and was on track for its strongest week in more than a month, as traders ramped up bets on a Bank of Japan interest rate…
JKLF chief Yasin Malik, who is lodged in Delhi's Tihar jail, claimed that the charges read more like a fabricated story than a legitimate police investigation arguing that the case was constructed…
Federal Minister for Planning Ahsan Iqbal has said that the government and Jamaat-e-Islami (JI) agreed to form committees to discuss ways to provide relief to the public.
